The Russell Company provides the following standard cost data per unit of product:

Materials (4 gallons @ $6 per gallon)

$24

Labor (3 hours @ $10 per hour)

$30

During the period, the company produced and sold 20,000 units incurring the following costs:

Materials

82,000 gallons @ $5.90 per gallon

Labor

62,000 hours @ $ 9.75 per hour

Determine thematerialprice variance at"Favorable" or "Unfavorable