Exeter 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 $136,000 for 4,980 pounds, which it used to produce 4,790 units. What is the direct materials price variance? Multiple Choice $17,080 unfavorable $11,460 unfavorable $6,520 unfavorable $5,620 favorable