Tina Manufacturing budgeted 5,000 pounds of material costing $7.00 per pound to produce 2,500 units. The company actually used 5,500 pounds thot cost $7,10 per pound to produce 2,500 units. Determine the direct materials price variance? Multiple Choice $3,500 unfavorable $3.550 unfovorable $500 unfavorable $550 unfavorable