Goldbury Corp. planned to use 1 yard of plastic per unit budgeted at $81 a yard. However, the plastic actually costed $80 per yard. The company used 2,900 yards and produced 2,960 units. How much is the materials price variance?

Group of answer choices

$7,760 Favorable

$4,860 Unfavorable

$2,900 Favorable

$7,760 Unfavorable

$4,860 Favorable

$2,900 Unfavorable