Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2020, MCP estimated the following standard costs for one of their most popular products. Budgeted quantity Budgeted price $5.30 per pound $15.00 per hour Direct materials 2 pounds Direct labor 0.5 hours During September, MCP produced and sold 2,000 units using 4,300 pounds of direct materials at an average cost per pound of $5.00 and 990 direct labor hours at an average wage of $15.15 per hour. The direct material price variance during September is A. $300 unfavorable B. $300 favorable C. $1,290 unfavorable D. $1,290 favorable ...