View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Thrope, Inc. purchased 1.700 pounds of direct materials at a price of $1.2 per pound. The standard price of the material is $1.3 per pound. Thrope used 1,500 pounds in production while the standard pounds allowed for actual production was 1.300. Calculate the direct materials price and quantity variances and indicate whether the variances are favorable or unfavorable $ 350 Favorable Direct materials price variance Direct materials quantity variance $ 260 Unfavorable eTextbook and Media Save for Later Attempts: 3 of 4 used Submit