6 2 Question 1 (2.5 points) Common information is used for questions 1-6. Roy Kent Company has established standards as follows: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct material 2 feet $10 per foot 520 per unit Direct labor 0.8 hours $20 per hour S16 per unit Variable overhead 0.8 hours $5 per hour S4 per unit Actual production figures for the past year were as follows: Units produced 8.000 Direct materials used 17,000 feet Direct material purchased 19,000 feet at a total cost of $174.800 Direct labor cost 6,800 hours worked at a total cost of $142,800 Variable overhead cost $30,000 Variable overhead is assigned based on direct labor hours. The direct materials price variance is: $15,200 unfavorable $18,400 unfavorable $18,400 favorable None of the other answers are correct