Grayson Industries has collected the following data for one of its products:

Direct materials standard (4 pounds per unit @ $0.50/lb.)	$2 per finished good
Direct materials flexible budget variance-unfavorable	$10,000
Actual direct materials used	40,000 pounds
Actual finished goods produced	24,000 units

How much is the direct materials price variance?

Select one:

a. $38,000 favorable

b. $38,000 unfavorable

c. $4,000 favorable

d. $4,000 unfavorable