A company reports the following for one of its products.

Direct materials standard $(10$ pounds @ $$6$ per pound$)$

Actual units produced

Actual cost of direct materials used

$$60$ per unit

$100,000$ units

$

$6,038,000$

Compute the total direct materials variance and identify it as favorable or unfavorable. $($Indicate the effect of the var selecting favorable, unfavorable, or no variance.$)$

Direct materials variance

Unfavorable