The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the total direct materials cost variance?

Multiple Choice

• $51,000 favorable.

• $51,000 unfavorable.

• $3,000 favorable.

• $3,000 unfavorable.

• $48,000 unfavorable.