A company has established 6 pounds of Material J at $3 per pound as the standard for the material in its Product Z. The company has just produced 1,200 units of this product, using 7,400 pounds of Material J that cost $21,080. The direct materials quantity variance is:

Multiple Choice

$1,120 favorable.

$600 favorable.

$600 unfavorable.

$1,120 unfavorable.

$520 favorable.