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Fannie Mae Industries produces candies, snacks, and other foods. For the month of May, the actual costs for 5,000 pounds of ingredients, $4.50; and

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Fannie Mae Industries produces candies, snacks, and other foods. For the month of May, the actual costs for 5,000 pounds of ingredients, $4.50; and standard costs for 4,800 pounds of ingredients at $5.10 per pound. The direct materials price variance for the ingredients was $2,880 favorable $3,000 unfavorable $2,880 unfavorable $3,000 favorable

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