A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (414,000 units @ $3.60/unit) $ 1,490,400 Actual costs: Direct Materials costs incurred (413,650 units @ $3.70/unit) $ 1,530,505 Multiple Choice

$41,400 Favorable.

$1,490,400 Unfavorable.

$1,490,400 Favorable.

$41,365 Favorable.

$41,365 Unfavorable.