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A company provides the following data for material costs: Standard cost per unit 3 pounds at $2 per unit Actual cost per unit 2.5 pounds

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A company provides the following data for material costs: Standard cost per unit 3 pounds at $2 per unit Actual cost per unit 2.5 pounds at $3 per unit 6,000 pounds of raw materials were purchased during the month. 2,000 units were manufactured during the month and 5,000 pounds of raw material were used in production. What is the direct material quantity variance? $2,000 favorable $3,000 favorable $2,000 unfavorable $3,000 unfavorable

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