Willow Inc. has provided the following information: Standards Direct materials Direct Tabor Variable overhead Fixed overhead Total Per Unit 10 lbs @ 3.30/15 33 33.00 2 hours $21.50/hour 43.00 2 hours $15/hour 30.00 20.00 $126.00 Budgeted production = 7100 units Actual results Materials Direct labor Variable overhead Fixed overhead Units produced 72,740 lbs 14,300 actual hours $238, 312 $298,665 $221,010 $139,080 7,200 units a. Calculate the direct materials price variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable". "Unfavorable", or "None" for no effect (l.e., zero variance).) Price Variance