How much is the material price variance?* 1 point DAZZLE INC. is a manufacturer of chocolates and uses two types of raw materials in the production of its products. Materials X and Y have the following standards for a standard yield of 5,000 units: Material Standard Mix 3,000 lbs 2,000 lbs Standard Price 2.00 per lbs. 1.00 per lbs. During the current month, the following actual information was provided in relation to actual production of 40,000 units: Material X Mix Price 25,000 lbs 2.50 per lbs. 20.000 lbs. 0.90 per lbs. P10,500 UF 0000 P10,500 F P14,500 UF P14,500 F