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The standard materials cost to produce 1 unit of Product R is 5 pounds of material at a standard price of $57 per pound.

The standard materials cost to produce 1 unit of Product R is 5 pounds of material at a standard price of $57 per pound. In manufacturing 7,600 units, 36,800 pounds of material were used at a cost of $58 per pound. What is the direct materials price variance? Multiple Choice $36,800 favorable. $31,600 favorable. $36,800 unfavorable. $68,400 unfavorable. $68,400 favorable.

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