Creepypasta Inc. (CPI), created standard costs for direct material and direct labor. In 2019, CPI estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity. Direct 0.10 pounds materials Direct labor 0.05 hours Budgeted price $60 per pound $30 per hour During June, CPI produced and sold 20,000 containers using 1,900 pounds of direct materials at an average cost per pound of $64 and 1,000 direct manufacturing labor-hours at an average wage of $30.50 per hour. The direct material price variance during June is _ $1,600 favorable $500 favorable $7,600 unfavorable $1,600 unfavorable A: (a https://ww