35. 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 $66,196 for 2,470 pounds, which it used to produce 2,350 units of product. What is the direct materials price variance?

Multiple Choice

$1,976 unfavorable

$1,976 favorable

$1,880 unfavorable

$1,880 favorable

36. 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 $66,196 for 2,470 pounds, which it used to produce 2,350 units of product. What is the direct materials quantity variance?

Multiple Choice

$3,216 favorable

$3,120 favorable

$3,120 unfavorable

$3,216 unfavorable