The standard materials cost to produce 1 unit of Product M is 6 pounds of material at a standard price of $50 per pound.

20. The standard materials cost to produce 1 unit of Product M is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the overall direct material cost variance? A. $48,000 unfavorable. B. $51,000 favorable. C. $51,000 unfavorable. D. $ 3,000 favorable.