A company's cost accountant provides you with this information about its manufacturing standards and actual results. What is the direct materials quantity variance? Direct materials standard (2 lbs @ $1/16) Total direct materials cost variance-unfavorable Actual direct materials used Actual finished units produced $2 per finished unit $17,750 60,000 lbs. 20,000 units Multiple Choice O $2,250 favorable. $17,750 unfavorable. O $20,000 unfavorable. $17,750 favorable