Puget Company has gathered the following information about its purchase and use of raw materials for December. Standard Price (SP) per pound of raw material Actual purchase price per pound of raw material Standard Quantity Allowed (SQ.A for actual production (pounds) Actual Quantity (AQ) of raw materials purchased (pounds) $11.00 59.50 1,000 1,750 Puget Company uses a standard cost system. What is the materials price variance? O A. $1,500 unfavorable O B. $2.625 unfavorable O C. $1.500 favorable O D. $2.625 favorable p? ue