The standard materials cost to produce 1 unit of Product R is 9 pounds of material at a standard price of $70 per pound. In manufacturing 7,400 units, 64,000 pounds of material were used at a cost of $72 per pound. What is the direct materials price variance?

Multiple Choice

$128,000 unfavorable.

$128,000 favorable.

$182,000 unfavorable.

$182,000 favorable.

$54,000 favorable.