A company manufactures a product that has the direct material standard cost presented below. Budgeted and actual information for the current month for the manufacture of the finished product and the purchase and use of the direct material are also presented. Standard cost for direct material 1.60 lb .2.50 per lb . = $4.00 The direct material price variance for the current month is $5 , 000 favorable. Zero. $5 , 100 favorable. $7 , 500 unfavorable