Oliver Enterprises has collected the following data for one of its products:

Direct materials standard (3 pounds per unit @ 50.60/1b.) ................ $1.80 per finished good

Actual direct materials purchased .......................................................... $38,000 pounds

Actual Direct Materials Used (AQU) ........................................................ 37,000 pounds

Actual Price (AP) paid per pound ............................................................ $0.64

How much is the direct materials price variance?
O A. $1,520 unfavorable

O B. $1,480 unfavorable

O C. $1,520 favorable

O D. $1,480 favorable