Benny Company budgeted 580 pounds of direct materials costing $18.00 per pound to make 7,000 units of product. The company actually used 620 pounds of direct materials costing $34.00 per pound to make the 7,000 units. What is the direct materials quantity variance? O A. $720 favorable OB. $720 unfavorable OC. $1,360 unfavorable OD. $1,360 favorable Historic Restoration Company budgeted 35 hours of direct labor per unit at $15.50 per hour to produce 300 replica door knobs. The 300 knobs were completed using 1,600 hours of direct labor at $15.00 per hour. What is the direct labor rate variance? O A. $800 favorable O B. $5,250 favorable OC. $5,250 unfavorable OD. $800 unfavorable