The following details were extracted from the standard cost card of a component:

Raw materials: $2\mathrm{.}25$ Kgs @ $$4$ per Kg

Direct labour: $5$ hrs @ $$6$ per hour

During the period, actual results were as follows:

Production$-2,000$ components.

Direct material purchase and usage$-4,000$ Kgs at a cost of $$15,000.$

Wage Paid: $(10,100$ hrs$)$ $$60,000$

What is the Material Price Variance?

Question $17$Select one:

A$.$

$2,000($Adverse$)$

B$.$

$1,000($Favourable$)$

C$.$

$4,000($Adverse$)$

D$.$

$0($Neither Favourable or Adverse$)$