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 Actual direct materials purchased 7 pounds per unit $0.78 per pound $0.86 per pound 60,000 pounds Actual Quantity (AQ) of Direct Materials Used (AQU) 15,000 pounds Actual finished goods produced What is the direct material price variance? 4,500 units OA $4,800 unfavorable OB. $4,800 favorable OC. $1,200 favorable OD. $1,200 unfavorable