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23. value: 0.40 points Fausto Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standard for the materials costs of one unit of product: Standard Quantity 6.0 pounds Standard Price $8.00/pound Standard Cost $48.00 During June, the company purchased 175,000 pounds of direct material at a total cost of $1,417,500. The company manufactured 35,000 units of product during June using 211,400 pounds of direct materials. The direct material quantity variance for June is: $11,340 unfavorable. $11,340 favorable. $11,200 favorable. $11,200 unfavorable