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Information about the use of direct materials at EZ Toys Trucks Division for October follows: Standard costs for materials 1.0 pounds per truck @ $5.00

Information about the use of direct materials at EZ Toys Trucks Division for October follows:

Standard costs for materials

1.0 pounds per truck @ $5.00 per pound

=

$5 per truck

Actual Trucks produced in October

=

10,000

Actual materials purchased and used in October

11,000 pounds @ $4.80 per pound

=

$52,800

What is the materials price variance for October?

Group of answer choices

$2,800 F

$2,000 F

$2,200 F

$3,200 U

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