Oxford Company has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $14 per pound, During February, Oxford Company paid $75,600 for 5,040 pounds at $15 per pound, which were used to produce 2,600 units of product. What is the direct materials price variance? Multiple Choice $2.600 untavorable $2,800 favorable $5.040 unfavorable $5,240 favorable