A company uses the following standard costs to produce a single unit of output Direct materials 7 pounds at 51.0 per pound 0.30 hour at $8.00 per hour 2.4 97.00 Direct labor Manufacturing overhead 0.30 hour at 54.30 per hour.29 $1-29 During the latest month, the company purchased and used 66000 pounds of direct materials at a price of 1.30 per pound to produce 10,000 units of output Direct labor costs for the month totaled $20 672 based on 2,720 direct labor hours worked Variable manufacturing overhead costs incurred sotaled $9.900 and fixed manufacturing overhead incurred was $18,000 Based on this information, the direct materials quantity variance for the month was Multiple Choice $19,800 unfevorable 19,800 favorable 4,000 unfavorable $3,000 favorable $4,000 favorable