Babcock Company produces peach pies and uses a standard cost accounting system. The primary direct material is peaches. Here are data regarding Babcock's production activity for the month of July: During July, the spending variance for peaches is $2,850 unfavorable. What is the direct material price variance for peaches? $6,850 favorable $4,420 favorable $5,430 unfavorable $7,270 unfavorable None of the above