Baskets Inc. gathered the following actual results for the current month: Actual amounts: Units produced 5,600 Direct materials purchased and used (7,400 lbs.) $29,600 Budgeted production and standard costs were: Budgeted production Direct materials 5,200 units 1.5 lbs/unit at $3.00/lb. What is the direct materials quantity variance? O A. $3,000 favorable O B. $7,400 favorable O C. $7,400 unfavorable OD. $3,000 unfavorable