Scarlett Company has a direct materials standard of 4 gallons of input at a standard price of $18.00 per gallon. During July. Scarlett Company purchased and used 7,520 gallons at an actual price of $17.60 to produce 1,800 units. What is the direct materials price variance? Multiple Choice $550 unfovorable $2.280 favorable $3.008 favorable $3,008 unfavorable