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Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $24 per pound. During July, Exeter

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Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $24 per pound. During July, Exeter paid $134,000 for 4.990 pounds, which it used to produce 4.780 units. What is the direct materiais price variance? Multiple Choice $32,620 unfavorable $14,240 unfavorable $13,340 favorable $19,280 unfavorable

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