Jordan Inc. manufactures water heaters. The company purchased 50,000 pounds of copper at a price of $4 per pound. The standard price for a pound of copper was established as $4.70 per pound and the standard quantity of copper per water heater is 1.5 pounds.

How much is the materials price variance?

a) $75, 000 favorable variance

b) $75,000 unfavorable variance

$75,000 unfavorable variance

c) $35,000 unfavorable variance

d) $35,000 favorable variance