Oliver Enterprises has collected the following data for one of its products: Direct materials standard (3 pounds per unit $0.43/lb.) Actual direct materials purchased Actual Direct Materials Used (AQU) Actual Price (AP) paid per pound $1.29 per finished good $40,000 pounds 27,000 pounds $0.65 How much is the direct materials price variance? O A. $8,800 unfavorable O B. $5,940 favorable O C. $8,800 favorable OD. S5.940 unfavorable