Leonesio corporation makes a product that uses a material with the following standards: standard quantity8.2 (kilos per unit) standard price$4.00 per kilo standard cost$32.80 per unit the company budgeted for the production of 3,100 units in august, but the actual production was 3,200 units. the company used 27,600 kilos of direct material to produce this output. the company purchased 29,000 kilos of the direct material at a total cost of $118,900. the direct materials purchase variance is computed when the materials are purchased. the materials price variance for august is: a. $2,900 u b. $2,624 u c. $2,900 f d. $2,624 f