Aquarius Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the material costs of one unit of product: Standard Quantity Standard Price Standard Cost 6 pounds $7.00 per pound $42.00 During June, the company purchased 165,000 pounds of direct material at a total cost of $1,171,500. The company manufactured 25,000 units of product during June using 151,000 pounds of direct materials. The price variance for the direct materials acquired by the company during June is: a. $15,100 favorable b. $15,100 unfavorable c. $16,500 favorable d. $16,500 infavorable