Based on this information, what is the direct materials price variance?

Mendocino Corporation has the following standard costs for its sole product. Direct Materials (2 pounds at $4.50 per pound) = $9.00 per unit Direct Labor (0.6 hours at $12.00 per hour) = $7.20 per unit During July, Mendocino produced 2,000 units, bought and used 4,200 pounds of direct material at $4.80 per pound, and used 1,100 hours of labor at a total cost of $14,025. Based on this information, what is the direct materials price variance? ($825) favorable ($1,260) favorable $825 unfavorable O $1,260 unfavorable