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5 pts Babcock Company produces peach pies and uses a standard cost accounting system. The primary direct material is peaches. Here are data regarding Babcock's production activity for the month of July: Standard quantity of peaches per pie 5.0 pounds Standard price per pound of peaches $1.70 per pound Actual number of pies produced 15,000 pies Actual quantity of peaches purchased and used 72,400 pounds During July, the spending variance for peaches is $2,850 unfavorable. What is the direct material price variance for peaches? $6,850 favorable $4,420 favorable $5,430 unfavorable $7,270 unfavorable None of the above