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 $136,000 for 5,020 pounds, which it used to produce 4,760 units. What is the direct materials price variance?

Multiple Choice

• $26,600 unfavorable

• $17,000 unfavorable

• $9,600 favorable

• $10,500 unfavorable