A company has established 4 pounds of Material J at $2 per pound as the standard for the material in its Product Z. The company has just produced 1,400 units of this product, using 6,000 pounds of Material J that cost $10,880. The direct materials quantity variance is: $800 unfavorable.

$1,120 unfavorable.

$1,120 favorable.

$800 favorable.

$320 favorable.