The Actual Cost of Direct Materials Is $51

The actual cost of direct materials is $51.30 per pound.The standard cost per pound is $55.00.During the current period,7,240 pounds were used in production.The standard quantity for actual units produced is 7,000 pounds.How much is the direct materials price variance?

A) $25,900 favorable
B) $25,900 unfavorable
C) $26,788 favorable
D) $26,788 unfavorable