Stanuara Quantity or Hours 4 pounds 3.00 hours Stanuala Cost Per Unit $22.00 $33.00 Standard Price or Rate $5.50 per pound $11.00 per hour Direct materials Direct labor During May, Jackson purchased 127,550 pounds of direct material at a total cost of $727,035. The total factory wages for May were $891,600, 90 percent of which were for direct labor. Jackson manufactured 27,000 units of product during May using 104,200 pounds of direct material and 81,500 direct labor-hours. The price variance for the direct material acquired by Jackson Industries during May is: Multiple Choice O $22.110 Favorable O O $25,510 Unfavorable O O $28,510 Favorable $22,110 Unfavorable