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Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter

Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $66,100 for 2,475 pounds, which they used to produce 2,350 units. What is the direct materials price variance?

-$6,300 unfavorable

-$1,750 unfavorable

-$5,000 unfavorable

-$1,300 favorable

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