Current Attempt in Progress A company developed the following per unit materials standards for its product:...

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Current Attempt in Progress A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 11000 units of product were produced last month and 47000 pounds of direct materials were used, the direct materials quantity variance was O $42000 favorable. O $42000 unfavorable. O $70000 unfavorable. O $70000 favorable. Current Attempt in Progress A company developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 11000 units of product were produced last month and 47000 pounds of direct materials were used, the direct materials quantity variance was O $42000 favorable. O $42000 unfavorable. O $70000 unfavorable. O $70000 favorable.