The Following Company Information Is Available for January The Direct Material Price Variance Is:
A)$5,000 Favorable
B)$ 300

The following company information is available for January:
$\begin{array}{llcc} \text { Direct materials used } & \text { 2,500 feet @ \$ 55 per foot } \\ \text { Standard costs for direct materials for January } & \text { 2,600 feet @ \$53 per foot } \\ \text { production } \\\end{array}$

The direct material price variance is:

A) $5,000 favorable
B) $ 300 favorable
C) $5,300 unfavorable
D) $5,000 unfavorable
E) $5,300 favorable