ABC Company has set the following standards for one unit of product Diect materials: 0.5 pounds 0$100 per pound, Direct labor: thour a $10,00 per hour. The compary produced 35,000 units and had the following octual costs: Direct materials: 18,000 pounds at a total cost of 517,280 : Direct labor: 36,000 hours at o total cost of $374,400 compute the direct materials variance. 5720F $720u 52200 $220F