Sharjah Dates Valley Orchards, Inc. (SVO), developed standard costs for direct material and direct labor. In 2011, SVO estimated the following standard costs for one of their most well loved products, the SVO classic Grandma's large apple pie which had a brown sugar coating on the top of the crust as well as including cranberry and nice ingredients in addition to the apples. (2x2-4) Budgeted quantity. Budgeted price Direct materials 1.5 pounds $7.25 per pound Direct labor 0.25 hours $14.00 per bour During September. SVO produced and sold 1.200 pies using 1.875 pounds of direct materials at an average cost per pound of $7.00 and 320 direct labor hours at an averace wage of 514.25 per hour September's direct material price variances AX 5468.75 favorable B) 468.75 univorable C) $75.00 favorable D) None of these swers are correct B OD A