provided the following data concerning one of the products in its standard cost system, Inputs Direct materials Standard Quantity or Hours per Unit of Output 4.8 ounces Standard Pri te $6.90 per ounce The company has reported the following actual results for the product for September 2,100 units 10, 500 ounces $ 7.80 per ounce Actual output Raw materials purchased Actual price of raw materials Actual cost of raw materials purchased Raw materials used in production $81,900 10,090 ounces The raw materials price variance for the month is closest to Mutiple Choice Next > Prev 6 of 10