A company produces bicycles. Last year, the company produced $50,000$ bicycles and raw materials cost totaled $$1,200,000$ for the year. If the company produced $60,000$ bicycles this year and spent $1,500,000$ on raw materials, what was the raw material price variance?

a$.$ $$60,000($favorable$)$

b$.$ $$60,000($unfavorable$)$

c$.$ $$50,000($unfavorable$)$

d$.$ $$50,000($favorable$)$