Kildare Company manufactures 100-pound bags of mulch that have the following unit standard costs for direct materials and direct labor: Direct materials (100 lbs. $0.40 per lb.) Direct labor (0.5 hours at $18 per hour) Total standard prime cost per 100-lb. bag $40.00 9.00 $49.00 The following activities were recorded for October: . . 2,000 bags were manufactured 190,000 lbs. of materials costing $70,000 were purchased. 205,000 lbs. of materials were used. $18,000 was paid for 950 hours of direct labor. . . There were no beginning or ending work-in-process inventories What is the materials price variance for Kildare Company? Oo. 56,000 F Ob. $10,000 U Oc. $10,000 Od 56,000 W SP P