Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. During November, Arrow purchased 189,800 pounds of direct materials at a total cost of $385,900. The total factory wages for November were $46,800, 90% of which were for direct labor. Arrow manufactured 20,000 units of product during November using 143,500 pounds of direct materials and 5,090 direct labor hours. What is the direct materials efficiency (quantity) variance for November? Multiple Choice $6,300 favorable. $65,700 favorable. $73,000 favorable. $5,670 favorable. Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product. During November, Arrow purchased 189,800 pounds of direct materials at a total cost of $385,900. The total factory wages for November were $46,800, 90% of which were for direct labor. Arrow manufactured 20,000 units of product during November using 143,500 pounds of direct materials and 5,090 direct labor hours. What is the direct materials efficiency (quantity) variance for November? Multiple Choice $6,300 favorable. $65,700 favorable. $73,000 favorable. $5,670 favorable