Arctic Enterprises, Inc. freezes water into ice. The standard and actual costs for direct materials for the manufacture of 2,000 tons of ice are: Standard costs Actual costs 9,987 gallons at $1.01 Direct materials 10,000 gallons at $1.00 which is true of the direct materials price and direct materials quantity variances? O Both are unfavorable. O The direct materials price variance is favorable; the direct materials quantity variance is unfavorable. Both are favorable. O The direct materials price variance is unfavorable; the direct materials quantity variance is favorable