Information on Rex Co.'s direct material costs for May follows: Actual quantity of direct materials purchased and used = 30,000 pounds Actual cost of direct materials = $84,000 Unfavorable direct materials quantity variance = $3,000 Standard quantity of direct materials allowed for May production = 29,000 pounds For the month of May, what was Rex's direct materials price variance?

	$2,800 favorable
	$2,800 unfavorable
	$6,000 unfavorable
	$6,000 favorable Please show your work. Thank you in advance