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Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co. paid $57,700 for 4,880 pounds, which were used to produce 2,400 units. What is the direct materials price variance? Multiple Choice $5,740 unfavorable $5,740 favorable $6,300 unfavorable $6,300 favorable