Beetle Company is analyzing their results and variances for the prior month. They had planned to use 5,000 pounds of material in production at a cost of $3 per pound. However, they actually used 6,000 pounds at a price of $2.80 per pound. What is Beetle Company's Price Variance?

a) $1,200 Favorable

b) $1,200 Unfavorable

c) $1,200 Favorable

d) $1,200 Unfavorable