Kennedy Corporation makes a product with the following standard costs: Standard Quantity Standard Price Standard Cost or Hours or Rate per Unit Direct 8.2 pounds $7.00 per pound $57.40 materials 0.4 hours $20.00 per hour $8.00 Direct labor Variable $2.00 per hour $0.80 0.4 hours overhead The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pounds of direct material and 980 direct labor-hours to produce this output. The company purchased 22,000 pounds of the direct material at $7.78 per pound. The actual direct labor rate was $19.20 per hour and the actual variable overhead rate was $1.80 per hour. The company applies variable overhead on the basis of direct labor- hours. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for June is: Select one: a. $17,160.00 O b. $15,483.00 O c. $24,451.43 O d. $22,061.86