The Outdoor Vest company has provided the following information about their product Budget or standard information Male Female standard material used for each vest Liner Filer 94 7.0 yards 4.0 pounds 5.2 Standard direct labor hours for each vest 0.5 04 hours Estimated planned production 6,200 5,000 Units Standard laberrate $10.00 per hour Standard material cost Liner Filler $8.00 per yard $2.00 per pound Actual information Female Actual units produced Male 5,800 4,400 Actual labor hours worked 2.800 1.825 Actual laborate $1450 $14.70 Actual material purchased and used Liner Filler 85,100 yards 48,000 pounds Actus material cost per item tiner 58.20 Per yard $1.90 Per pound Required 1A Prepare the material purchase price variance Based on your answer explain the impact on the product cost on the income