Sue Corporation Has Provided the Following Information

Sue Corporation has provided the following information:
Direct labor standard per unit: 2.5 hours
Standard cost per labor hour: $16.00
Actual number of direct labor hours incurred: 1,975
Actual cost of direct labor: $15.50
Actual number of units produced: 750
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What is the direct labor price variance?

A) $937.50 unfavorable
B) $937.50 favorable
C) $987.50 favorable
D) $987.50 unfavorable