ABC Corporation has the following data related to direct materials costs for November: actual costs for 5,000 pounds of material, $4.50 And standard costs for 4,800 pounds of material at $5.20 per pound.

What is the direct materials price variance?

Please write-in your number followed by Favorable or Unfavorable. (Make sure Favorable/Unfavorable is capitalized) Example $5,000 Unfavorable

(Each answer should have possibilities for answers entered with or without dollar signs and commas. Thus the correct answer for a problem could be $100,000 100,000 100000 $10000)

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