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Unit 6.2 Variance Analysis: Direct Materials The T-Rex Company produces screen-printed T-shirts. To produce the shirts, T-Rex uses a standard quantity of 1.25 yards of polyester/cotton fabric that has a standard cost of $1.48 per yard. During the first quarter of 2014, T-Rex purchased and used 785,000 yards of fabric that cost $981,500. T-Rex manufactured 650,000 shirts during the quarter. As an accountant for the firm, your job is to find the direct materials price variance for fabric for the quarter. What are your findings? O $28,500 F O $29,875 F O $29,875 U O $23,550 U