Question 7 Not yet answered Marked out of 2.00 P Flag question Newbill Corporation recently purchased 25,000 gallons of direct material at OMR 5.60 per gallon. Usage by the end of the period amounted to 23,000 gallons. If the standard cost is OMR 6.00 per gallon and the company believes in computing variances at the earliest point possible, the direct-material price variance would be calculated as: Select one: O a. 10,000 F O b. 9,200 F O c. 10,000 UNF O d. 9,200 UNF