Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory Direct materials purchased (AQ) Finished goods manufactured Direct materials purchase-price variance Budgeted 100 Sets 1,600 Sets 700 units 400 Favorable Finished goods to manufacture Direct materials purchases Direct materials per unit of finished goods Direct materials price per set (SP) 800 Units 2,000 Sets 2 Sets $ 3.60 What was the direct materials usage variance in August, rounded to the nearest dollar? What was the direct materials usage variance in August, rounded to the nearest dollar? Multiple Choice $720 unfavorable. $360 unfavorable. $540 favorable. $540 unfavorable. $180 unfavorable