Norio Manufacturing uses powdered plastics (PPS) to manufacture a high-pressure board used in a digital equipment product, Flex 10. Information concerning its operation in June is as follows: Budgeted units of Flex 10 for June Budgeted usage of PPS Actual number of units of Flex 10 manufactured PPS purchased PPS used Total actual cost of PPS used Direct materials usage variance 6,700 60,300 pounds 5,700 78,960 pounds 56,000 pounds $ 356,160 $ 39, 480 unfavorable Assume that Norio recognizes the material purchase-price variance at the point of purchase. The direct materials purchase-price variance (rounded to the nearest dollar) is: $112,560 favorable. $96,964 favorable. $78,864 favorable. $161,078 favorable. $87,923 favorable