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Kraft adopts a standard cost system, which specifles that each product uses a standard of 1 pound direct materials and direct materials' standard price is

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Kraft adopts a standard cost system, which specifles that each product uses a standard of 1 pound direct materials and direct materials' standard price is $26 per pound. Kraft produced 4,790 units of products in May. In that month, 4.980 pounds of direct materials were purchased and used at the total cost of $136,000. Calculate the direct materials price variance. $17,080 unfavorable $11,460 unfavorable $5,620 favorable $6,520 unfavorable

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