21. The company provided the following information for the product $2.20 Actual Standard Raw materials cost per pound $2.10 Raw materials used (in pounds) 10,000 10,500 Direct labor payroll $122,400 $120,000 Direct Labor Hours Worked $14,400 5,000 Units, 3 hours per unit What is the direct material quantity variance? 17.If each unit requires 5 pounds of materials at a cost of $5.00 per pound, what is the material purchase budget for the month? Assuming the beginning balance in the materials inventory and the ending balance in the materials inventory is the same number 500 units Estimated Sales Estimated Sales Price unit $10 per Production Estimated Ending Inventory (in units) Inventory on hand (in units) 20 30