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9 - 4 3 Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $

9-43 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 $67,096 for 2,560 pounds, which it used to produce 2,440 units of product. What is the direct materials price variance?
A. $2,336 favorable
B. $2,240 unfavorable
C. $1,520 unfavorable
D. $536 unfavorable
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