Exeter Company has a materials standard of $1$ pound per unit of output. Each pound has a standard price of $$26$ per pound. During July, Exeter paid $$67,196$ for $2,570$ pounds, which it used to produce $2,450$ units of product. What is the direct materials price variance?

Multiple Choice

$$2,280$ unfavorable

$$1,480$ unfavorable

$$2,376$ favorable

$$376$ unfavorable