QUESTION 11 pounds Information on Rex Co.'s direct material costs for May follows: Actual quantity of direct materials purchased and used Actual cost of direct materials Unfavorable direct materials efficiency variance Standard quantity of direct materials allowed for May production Budgeted output for May 30,000 $84,000 $3,000 pounds 29,000 15,000 units For the month of May, what was Rex's direct materials price variance? $2,800 favorable $6,000 unfavorable $6,000 favorable $2,800 unfavorable