Answer:
Direct material price variance $ 21,000 unfavorable
Explanation:
A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.
$
6,5000 pounds should have cost (6500× $12) 78,000
but did cost 99,600
Direct material price variance 21,000 unfavorable