Question: Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February,

Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co. paid $57,700 for 4,910 pounds, which were used to produce 2,470 units. What is the direct materials price variance? (Do not round your intermediate calculations.) $6,690 favorable $6,130 unfavorable $6,130 favorable $6,690 unfavorable

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