m - Section 120 Help Save & Exit Sul Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $14 per pound. During February. Oxford Co. paid $57,200 for 4,870 pounds, which were used to produce 2,470 units. What is the direct materials price variance? Multiple Choice $10.980 favorable 0 $10,980 unfavorable $11,540 unfavorable O $11,540 favorable