Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standard Direct materials standard cost Actual material purchased cost 11 pounds per unit $0.54 per pound $0.70 per pound 50,000 pounds Actual direct materials purchased Actual Quantity (AQ) of Direct Materials Used (AQU) 25,000 pounds Actual finished goods produced What is the direct material price variance? OA. $4,000 unfavorable B. $8,000 unfavorable C. $4,000 favorable D. $8,000 favorable 4,200 units