Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July. Exeter paid $66,246 for 2,475 pounds, which it used to produce 2,355 units of product. What is the direct materials price variance? Multiple Choice $1,860 unfavorable $1,896 unfavorable $1,996 favorable $1,900 unfavorable