Given the following information, calculate the materials price variance: 
Definitions:
Income Statement Columns
Sections within an income statement that categorize financial data, such as revenues and expenses, to help in analyzing a company's financial performance over a specific period.
Companionate Grandparenting
A style of grandparenting characterized by emotional closeness and mutual enjoyment in spending time with grandchildren.
Parenting
The activity of raising and nurturing children with the goal of helping them develop physically, emotionally, socially, and intellectually.
Loving
Expressing or feeling deep affection, care, and attachment towards someone or something.
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