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

$$66,646$ for $2,515$ pounds, which it used to produce $2,395$ units of product. What is the direct materials price variance?

Multiple Choice

$$1,256$ unfavorable

$$1,700$ unfavorable

$$2,156$ favorable

$$2,060$ unfavorable