A company uses the following standard costs to produce a single unit of output. Direct materials Direct labor Manufacturing overhead 8 pounds at $0.80 per pound 0.50 hour at $9.00 per hour 0.50 hour at $4.40 per hour - - - $6.40 $4.50 $2.20 During the latest month, the company purchased and used 76,000 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 $41,710 based on 4,850 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $18,000 and fixed manufacturing overhead incurred was $12,000. Based on this information, the direct materials quantity variance for the month was: Multiple Choice 0 $3,000 favorable $22.800 favorable