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 $376 unfavorable $1,480 unfavorable $2,280 unfavorable $2,376 favorable