A company uses the following standard costs to produce a single unit of output. Direct materials 6 pounds at $1.00 per pound=$6.00 Direct labor 0.5 hour at $8.00 per hour =$4.00 Manufacturing overhead0.5 hour at $4.10 per hour =$2.05 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.20 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $36,729 based on 4,770 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $16,500 and fixed manufacturing overhead incurred was $14,000. Based on this information, the direct materials price variance for the month was: $8,000 unfavorable O $11,600 unfavorable O $13,600 favorable $13,600 unfavorable O $2,000 favorable