1.) A company has established 4 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,300 units of this product, using 5,400 pounds of Material J that cost $14,780.The direct materials price variance is (Do not round intermediate calculations):
(a). $820 favorable.
(b). $1,420 favorable.
(c). $600 unfavorable.
(d). $1,420 unfavorable.
(e). $600 favorable.