Favorable direct materials quantity variance shows that

Question 3 (0.5 points) Saved You have this data for a product made by ToolTime Company. Direct Materials standards are Quantity standard - 1.5 pounds Price standard - $4 per pound 2,000 units were produced in April. During April, the company actually purchased and used 3,100 pounds of direct materials at an actual price of $3.90 per pound. What is the direct materials price variance for April? $90 unfavorable $310 favorable $400 favorable $700 favorable