Question 63 A dress company has the following standards to make one dress Standard Quantity Direct materials 3 yards peut Direct labore 1.5 hours per Standard Price 56.50 per yard $8.00 per hour The company purchased 3,000 yards of material in March for $21,000. The company used 3,200 yards in March in order to make 7,700 dresses. How much is the drea materials price variance? $1,400 unfavorable. $1,500 unfavorable. O $1,400 favorable. $1,500 favorable