A company has established 4 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,200 units this product, using 5,000 pounds of Material J that cost $13,980.The direct materials price variance is: 07.50 Multiple Choice $600 favorable. $1,020 unfavorable $420 favorable, $600 unfavorable: $1.020 favorable