A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 6 pounds at $1.2 per pound 0.40 hour at $10.00 per hour 0.40 hour at $4.90 per hour -$7.20 - $4.00 -$1.96 During the latest month, the company purchased and used 56,000 pounds of direct materials at a price of $1.50 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $35,616 based on 3,710 direct labor hours worked Variable manufacturing overhead costs incurred totaled $15,600 and fixed manufacturing overhead incurred was $13,000. Based on this information, the direct materials quantity variance for the month was Multiple Choice $4,800 favorable $16,800 unfavorable $16,800 favorable $4,800 unfavorable $3,000 favorable