[The following information applies to the questions displayed below.] James Inc.'s flexible budget for June, based upon actual output, called for the use of 9,600 pounds of materials at a standard cost of $6.50 per pound. The Production Department actually used 9,800 pounds of materials costing $6.20 per pound during June. James's materials price variance for June is: Multiple Choice $2,880 Favorable. $2,940 Unfavorable. $2,940 Favorable. $2,880 Unfavorable