Beach Bag, Inc. developed standard costs for direct material and direct labor. The following information is from the static budget for 2018: In 2018, Beach Bag, Inc. estimated the following standard costs for one of its major products, the canvas tote bag. During 2018, the actual number of units produced and sold was 4,800, at an average selling price of \\( \\$ 720 \\). The actual cost of direct materials used was \\( \\$ 384,000 \\), based on 60,000 pounds purchased at \\( \\$ 6.40 \\) per pound. Direct manufacturing labor-hours actually used were 18,700 , at the rate of \\( \\$ 48 \\) per hour. As a result, actual direct manufacturing labor costs were \\( \\$ 897,600 \\). Actual fixed costs were \\( \\$ 1,170,000 \\). There were no beginning or ending inventories. During 2018, the actual number of units produced and sold was 4,800 , at an average selling price of \\( \\$ 720 \\). The actual cost of direct materials used was \\( \\$ 384,000 \\), based on 60,000 pounds purchased at \\( \\$ 6,40 \\) per pound. Direct manufacturing labor-hours actually used were 18,700 , at the rate of \\( \\$ 48 \\) per hour. As a result, actual direct manufacturing labor costs were \\( \\$ 897,600 \\). Actual fixed costs were \\( \\$ 1,170,000 \\). There were no beginning or ending inventories. What is the direct materials Static Budget Variance? \\( \\$ 8,700 \\) unfavorable \\( \\$ 167,300 \\) favorable \\( \\$ 176,000 \\) favorable \\( \\$ 176,000 \\) unfavorable