A company uses the foilowing standard costs to produce a single unit of output. 7 pounds at $0.6 per pound 0.50 hour at $9.00 per hour Direct materials $4.20 Direct labor Manufacturing overhead 0.50 hour at $3.60 per hour 08 ts During the latest month, the company purchased and used 66,000 pounds of direct materials at a price of $0.90 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $41,934 based on 4,820 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $17,000. Based on this information, the direct materials quantity variance for the month Multiple Choice $2.400 favorable $19.800 unfavorable ageone 008'61S