Black Company produces peach pies and uses a standard cost accounting system. The primary direct material is peaches. Here are data regarding Blacks production activity for the month of July:

Standard quantity of peaches per pie

Standard price per pound of peaches

Actual number of pies produced

Actual quantity of peaches purchased and used

5.0 pounds

$1.70 per pound

15,000 pies

72,400 pounds

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