Rose Ltd budgeted information for August 20X1 is as follows: Sales (@ 55 per unit) 41 250 Costs Direct Materials (4kg per unit @ 5.50/kg) (16 500) Direct Labour (1 hrs per unit @ 16/hr) (12 000) Production Overhead (8 000) 4 750 Selling and Administration Overhead (1 500) Net Profit 3 250 The budget was prepared on the basis of sales of 750 units. During August 2011 Rose Ltd actually sold 800 units for 50 per unit, sources better quality raw materials which resulted in 3.5kg being used per unit and negotiated a price of 5.00 per kilo. What is Rose Ltds Direct Materials Price Variance? Select one: a. 1,400 Favourable b. 1,312.50 Ad