Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standardi Direct materials standard cost Actual material purchased cost 86 Actual direct materials purchased 5 10 pounds per unit $0.72 per pound $0.83 per pound 60,000 pounds Actual Quantity (AQ) of Direct Materials Used (AQU) 5,000 pounds Actual finished goods produced What is the direct material price variance? 5,000 units japan Gdz 01 OA. $6,600 favorable B. $550 unfavorable. O c. $6,600 unfavorable OD. $550 favorable. b