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 $133.000 for 4,990 pounds, which it used to produce 4,730 units. What is the direct materials price variance? Multiple Choice $19,480 unfavorable $12,340 favorable $31,820 unfavorable $13,240 unfavorable