Carmen Corporation has the following standards for its direct materials: Standard cost: $8.90 per poundStandard quantity: 3.00 pounds per product During the most recent month. the company purchased and used 2,100 pounds of materialscosting $17,300 in making 680 products. Compute the materials price variance. 1" $1,390 Favorable r- $11,248Favorabler' $11,248 Unfavorable r $1,390Unfavorable