Emerald Bazaar developed the following per unit materials standards for its product: 3 pounds of direct materials at $5 per pound. If 12,000 units of product were produced last month and 37,500 pounds of direct materials were used, the direct materials quantity variance was 01) $4,500 favorable. 02) $7,500 favorable. 03) $4,500 unfavorable. 04) $7,500 unfavorable