A Company has the following information: Standard Cost: 1lb per Zippy at $4.50 per lb This week 2,000 lbs of material was purchased to make 1500 Zippies. The materials cost a total of $8,000 The materials price variance is ________________. A Company has the following information: Standard Cost: 1lb per Zippy at $4.50 per lb This week 2,000 lbs of material was purchased to make 1500 Zippies. The materials cost a total of $8,000 The materials price variance is ________________. $1,000 favorable $1,000 unfavorable $1,250 unfavorable $1,250 favorable