Kraft adopts a standard cost system, which specifies that each product uses a standard of 1 pound direct materials and direct materials' standard price is $26 per pound. Kraft produced 4,700 units of products in May. In that month, 4,950 pounds of direct materials were purchased and used at the total cost of $132,200. Calculate the direct materials price variance. Multiple Choice $10,000 unfavorable $3,500 unfavorable $2,600 favorable $12,600 unfavorable