Required information (11,000 pounds x $2.90) = $31,900 Price Variance AQ (APSP) = 11,000 x ($2.90 - $3.00) = $1,100 F $33.0 =(10,000 pounds X$3.00) = $30,000 Quantity Variance SP (AQ-SQ) = $3.00 X (11,000-10,000) = $3,000 U Knowledge Check 01 Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. During the month of January, the company purchased and used 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. What is Zeta Corporation's materials price variance for the month of January? O $2,000 F O $2,000 U O $2,500 F $2,500 U