Standard cost$/$unit to manufacture Z$-$frames:

Direct material $3$ yards X $$2\mathrm{.}50/$ yd$.$ $$7\mathrm{.}50$

Direct labor $5$ hours X $$7\mathrm{.}50/$ hr$.$ $$37\mathrm{.}50$

Actual costs incurred to produce $7,800$ Z$-$frame units:

Direct material purchased and used $23,100$ yards X $$2\mathrm{.}70/$ yd$.$ $$62,370$

Direct labor $40,100$ hours X $$7\mathrm{.}30$ $$292,730$

Using this information, compute the Direct Material Price Variance.

Question $7$ options:

$$5200$ favorable

$$4620$ unfavorable

$$4620$ favorable

$$5200$ unfavorable