Ch 08 IPP2 6 Choose the best answer to each question. Question 2 ot 4 In producing jelly beans, 4,700 pounds of direct maternials were used at a cost of S2 50 per pound The standard was 4,000 pounds at $2 75 per pound What is the direct materials price variance? 5 points $1,175 Unfavorable $1,175 Favorable $1,000 Favorable $1,000 Unfavorable Co