A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 7 pounds at $0.90 per pound = 0.4 hour at $10.00 per hour = 0.4 hour at $4.40 per hour = $6.30 $4.00 $1.76 During the latest month, the company purchased and used 66,000 pounds of direct materials at a price of $1.10 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $37,056 based on 3,860 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $13,600 and fixed manufacturing overhead incurred was $20,000. Based on this information, the total direct materials variance for the month was: Multiple Choice $3,600 favorable $13,200 favorable $9,600 unfavorable $13,200 unfavorable $9,600 favorable