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Baskets Inc. gathered the following actual results for the current month: Actual amounts: Unilts produced Direct materials purchased and used (7,000 lbs.) 5,400 $70,000 Budgeted

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Baskets Inc. gathered the following actual results for the current month: Actual amounts: Unilts produced Direct materials purchased and used (7,000 lbs.) 5,400 $70,000 Budgeted production and standard costs wer Budgeted production Direct materials 5,200 units 1 lbs/unit at $2.00lb. What is the direct materials price variance? O A. $56,000 favorable OB. $56,000 unfavorable O C. $43,200 unfavorable O D. $43,200 favorable Click to select your answer esc F5 4 tab

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