Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost. Jackson has established the following standards for one unit of product: Direct materials = 5 pounds per unit; $3.60 per pound of direct materials. During May, Jackson purchased 125,000 pounds of direct materials at a total cost of $475,000. Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct materials. The price variance for the direct materials purchased by Jackson Industries during May applied to the purchase quantity (not the production quantity) is:

$24,200 Favorable

$25,000 Unfavorable

$21,600 Favorable

$21,600 Unfavorable