Step Corp. produces a variety of sports equipment. Regarding its hockey net production line, the company has the following standards: Direct materials per net (in kilograms) 2 Cost per kilogram of direct materials $10.00 Standard direct manufacturing labour cost (per hour) $19.00 Standard manufacturing labour time (hours per net) 2 In January, the company produced 2,150 hockey nets and reported the following for actual performance: Direct materials used (in kilograms) 4.400 Direct materials purchased (in kilograms) 4,600 Cost per kilogram of direct materials $12.50 Total direct manufacturing labour hours 4,100 Total direct manufacturing labour cost $73,800 What is the materials price variance? $10,600 unfavourable $11,500 unfavourable $10,600 favourable None of those are correct. $11,500 favourable