A company uses standard costing and produces desks. It provides the following information for the month of July about lumber, which is a direct material for the desks: Material Lumber Actual Price Standard Price per pound per pound $5.10 Actual Amount Used in Production Actual Amount Purchased $5/pound The materials quantity standard is 30 pounds of lumber per desk. The company produced 300 desks in July. What is the materials price variance for lumber for the month of July? (Enter your answer as a positive number - you will indicate whether this variance is favorable or unfavorable in the next question below.) 15,600 pounds 16,540 pounds