Budgeted production 26,000 units Actual production 27, 500 units Materials: Standard price per ounce $6.50 Standard ounces per completed unit 8 Actual ounces purchased and used in production 228,000 Actual price paid for materials $1, 504, 800 What is the amount of the material price variance 22, 800 unfavorable 22, 800 favorable 52,000 unfavorable 52,000 favorable