A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 6 pounds at $1.00 per pound 0.4 hour at $8.00 per hour 0.4 hour at $4.10 per hour = = - $6.00 $3.20 $1.64 During the latest month, the company purchased and used 57,000 pounds of direct matertals at a price of $1.20 per pound to produce 10.000 units of output. Direct labor costs for the month totaled $29,175 based on 3,890 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $12.400 and fixed manufacturing overhead incurred was $11,000. Based on this Information, the direct materials price variance for the month was: Multiple Choice O $6.400 unfavorable 0 O $14.400 favorable 0 O $2,000 favorable 0 O $11.400 unfavorable $14,400 unfavorable