thstion 3 1.5 points SEVEN Casivant Corporation makes a product that uses a material with the following direct material standards: Standard quantityr 3.8 pounds per unit Standard price $4.00 per pound The company produced 1300 units in November using 28,710 pounds of the material. During the month. the company purchased 30.300 pounds of the direct material at a total cost of 5'1 '1 7.040. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for November is: 0 $6,160 F O $6.160 o 0 $5,548 o O $5.543 F