Standard quantity Standard price Direct materials 5 tons P8.00 Direct labor 3 hours P9.00 During the month, 12,000 tons of material were purchased for P8.10 per ton. Nine thousand tons of the material were used to produce 1,700 units of product. The materials price variance is determined at time of purchase. The materials price variance for the time period was P_ Type an F (Favorable) or U (Unfavorable) after the amount.