$13$

Exeter Company has a materials standard of $1$ pound per unit of output. Each pound has a standard price of $$26$ per pound. During July, Exeter paid $$67,196$ for $2,570$ pounds, which it used to produce $2,450$ units of product. What is the direct materials price variance?

$4$ points

$01$:$22$:$24$

Multiple Choice

$$376$ unfavorable

$$2,376$ favorable

$$1,480$ unfavorable

$$2,280$ unfavorable