Question 24 1 points Save Anne A company employs a standard cost system in which direct materiais inventory is carried at standard cost. The company has established the following standards for the prime costs of one unit of product. Standard Quantity nds 0.40 hour Direct Materials Direct Labor Pou Standard Price $ 1.70 per pound hour Standard Cost s! 60 28 0 40 $ 700 per $16 During November, the company purchased 168.000 pounds of direct materials at a total cost of $336,000. The total factory wages for November were 544,000, 90w of which were for direct labor. The company manufactured 19,000 units of product during November using 143,000 pounds of direct materials and 5000 direct labor hours. What is the direct materials price variance for November? 342.900 $27.200 $15,300 550,400