Basil Co. uses a standard cost system to account for the costs of Product A The standard costs for each unit of Product are se per sheet and 14 hours of laborat a standard wage rate of $13 per hour During July, Basil actually produces 600 units using 2.540 total sheets of steel at a total cost of $266,700. Payroll for its director wat $109.625 for 8,770 total hours worked What is Basil's Direct Materials Price Variance for the period? O $3,000 Unfavorable $12,700 Unfavorable O $3.000 Favorable $12.700 Favorable