The following information is available for Munter Manufacturing Company.

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Direct materials price standard is $3.25 per pound.

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Direct materials quantity standard is six pounds per finished unit.

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Budgeted production is 25,000 finished units.

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175,000 pounds of direct materials were purchased for $525,000.

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175,000 pounds of direct materials were used in production.

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25,600 finished units of product were produced.

What is the direct materials price variance?

A.

$43,750 Favorable

B.

$350,000 Unfavorable

C.

$350,000 Favorable

D.

$43,750 Unfavorable