A company has the following standards for manufacturing one…

A company has the following standards for manufacturing one unit of its product:•Direct Materials: 60 pounds at $1.50 per pound•Direct Labor: 3 hours at $12 per hour During May, the company had budgeted to produce 1,800 units of its product, but actually only produced 1,650 units.  The following data relate to actual outcomes from May:•The company purchased 114,000 pounds of materials for $188,100. They used all 114,000 pounds of materials in production.•Total direct labor cost amounted to $56,265 for the 5,115 direct labor hours incurred during May. What is the company’s direct materials price variance for May?

Unless otherwise noted, for any questions that require round…

Unless otherwise noted, for any questions that require rounding, round intermediate calculations to 4 decimal places and round your final answer to the same decimal place as the potential answer choices that are presented.   Be sure to read all of the possible answer choices because some questions include potential answers of “all of the above” or “none of the above.”   There are 25 questions, each worth 5 points.