The standards to produce one unit of FaEzzy are shown below. Quantity Price Per unit Direct material (in ounces) 15 $0.50 $0.75 Direct labor 0.75 $20.00 $15.00 Manufacturing overhead (apply on machine hours) 4 $1.00 $4.00 Total standard cost per unit $19.75 The company actually produced 8,000 units. Actual direct material purchased and used was 12.200 ounces at a total cost of $7,930. What is the direct materials price variance? O $1,220 U $1,830 U O $1.220 F $1,830 F 23