Answer:
Material price variance  = $13,260 unfavorable
Explanation:
Material price variance
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
                                                 $
132,600 pounds  should have cost (132,600×$5.50 ) =  729,300
but did cost (actual cost -        ( 132,600× $5.60)  =   742,560
Material price variance                           13,260 unfavorable