Oliver Enterprises has collected the following data for one of its products: Direct materials standard (7 pounds per unit $0.44/lb.) $3.08 per finished good Actual direct materials purchased Actual Direct Materials Used (AQU) Actual Price (AP) paid per pound How much is the direct materials price variance? O $220 unfavorable $40,000 pounds 22,000 pounds $0.45 $400 unfavorable O $220 favorable O $400 favorable