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Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $25 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 $25 per pound. During July, Exeter paid $134,000 for 5,010 pounds, which it used to produce 4,730 units. What is the direct materials price variance? Multiple Choice $8,750 unfavorable O $23,600 unfavorable O $7,850 favorable O $15,750 unfavorable

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