Summerlin Company budgeted 4,000 pounds of material for a total cost of $20,200 to produce 2,000 units. The company actually used 4,500 pounds that cost $5.14 per pound to produce 2,000 units. What is the direct materials price variance?

Select one :

$495 favorable

$2,550 unfavorable.

$2,950 unfavorable.

$405 favorable.

$450 unfavorable.

$405 unfavorable.

$495 unfavorable