Cecilia Industries, Inc. (CII), developed standard costs for direct material and direct labor. In 2016, CII estimated the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct materials .10 pounds $30 per pound Direct labor .05 hours $15 per hour During June, CII produced and sold 10,000 containers using 980 pounds of direct materials at an average cost per pound of $32 and 500 direct manufacturing labor-hours at an average wage of $15.25 per hour. June's direct material price variance is: Group of answer choices $1,360 favorable $600 favorable $1,960 unfavorable None of these answers are correct.