In June, Sheridan Manufacturing purchased 6700 gallons of blue dye used to produce stone-washed denim clothing. The price per gallon was $1.26 and the company used 6100 gallons of the dye during the month. The standard price for the dye is $1.29. What is the materials price variance for Sheridan for June?

$201 unfavorable

$183 unfavorable

$183 favorable

$201 favorable

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