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 $133,000 for 4,960 pounds, which it used to produce 4,780 units What is the direct materials price variance? Multiple Choice $9.000 untavorable $17.500 unfavorable o $8,100 favorable $21,600 unfavorable