Accounting 2: Multiple Choice

The standard materials cost to produce 1 unit of Product Ris 5 pounds of material at a standard price of $46 per pound. In manufacturing 8,000 units, 39,000 pounds of material were used at a cost of $47 per pound. What is the total direct materials cost variance? Multiple Choice O O $47,000 favorable. O O $40,000 unfavorable. O O $7,000 favorable. O O $7,000 unfavorable. $47,000 unfavorable