A company developed the following per-unit standards for its product:5kilograms of direct materials at $3.00per kilogram. Last month,1000kilograms of direct materials were purchased for $2840. Also last month,710kilograms of direct materials were used to produce136units.

What was the direct materials price variance for last month?

$160unfavourable

$12160unfavourable

$160favourable

$12160favourable