Starbucks Corporation is a successful adopter of the standard costing system. Starbucks has a materials standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Starbucks paid $134,000 for 5,010 pounds, which it used to produce 4,730 units. What is the direct materials price variance? Multiple Choice 0 $15,750 unfavorable 0 $23,600 unfavorable 0 $8,750 unfavorable 0 $7,850 favorable