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Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses....

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Accounting

Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 2 ounces of material for each pair of lenses. The standard cost per ounce of material is \(\$ 17\). During August, the Santa Clara location produced 5,200 pairs of sunglasses and used 9,000 ounces of materials. The actual cost of the materials during August was \(\$ 17.25\) per ounce, and there were no beginning or ending inventories. Calculate the materials price variance. Note: If the variance is Unfavorable, type a minus sign "-" in front of your answer. For example: if variance is \(\$ 1,000\) Unfavorable, type "-1,000"(no spaces). Do not include any decimal places; do not include the \(\$ \) sign.

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