A company purchased 180,000 ounces of material in September at a Total cost = $945,000. The company produced 20,000 finished units. The ounces actually used in production were 7.50 per finished unit. September's Direct Material Quantity Variance was $50,000 Good Thing/Favorable.

Compute the Company's Direct Material Price Variance for September

Group of answer choices

$35,000 Good Thing/Favorable

$37,500 Bad Thing/Unfavorable

$50,000 Good Thing/Favorable

$45,000 Bad Thing/Unfavorable