In June, Crane Manufacturing purchased 6200 gallons of blue dye used to produce stone-washed denim clothing. The price per gallon was $1.21 and the company used 5600 gallons of the dye during the month to produce 44240 yards of dyed denim fabric. The standard allows for 8 yards of fabric per gallon of dye. The standard price for the dye is $1.24. What is the materials quantity variance for Crane for June?

$168 unfavorable

$86.80 unfavorable

$86.80 favorable

$168 favorable