Exeter Company has a materials standard of $1$ pound per unit of output. Each pound has a standard price of $$26$ per pound. During July, Exete paid $$66,296$ for $2,480$ pounds, which it used to produce $2,360$ units of product. What is the direct materials price variance?

Multiple Choice

$$ $$1,840$ unfavorable

$$ $$2,016$ favorable

$$ $$1,816$ unfavorable

$$ $$1,920$ unfavorable