Cooper Company has a direct materials standard of 0.33 gallons of input at a standard price of $1.26 per gallon: During July, Cooper Company purchased and used 2,168 gallons at an actual price of $1.21, paying $15,610 to produce 1,067 units. What is the direct materials quantity variance? O 1,440 favorable O 1,500 favorable O 1,440 unfavorable O 2,288 unfavorable

Cooper Company has a direct materials standard of 0.33 gallons of input at a standard price of $1.26 per gallon. During July, Cooper Company purchased and used 2,168 gallons at an actual price of $1.21, paying $15,610 to produce 1,067 units. What is the direct materials quantity variance? 1,440 favorable 1,500 favorable 1,440 unfavorable 2,288 unfavorable