A company provided the following direct materials cost information. Compute the direct materials quantity variance. $1,565,600 Standard costs assigned: Direct materials standard cost (412,000 units @ $3.80/unit) Actual costs: Direct materials costs incurred (410,180 units @ $4.10/unit) $1,681,738 Multiple Choice $7,462 Favorable. $6.916 Unfavorable. $7,462 Unfavorable $6,916 Favorable. $116,138 Favorable