Kraft odopts a standard cost system, which specifies that each product uses a standard of 1 pound direct materials and direct materials' standard price is $24 per pound. Kratt produced 4,730 units of products in May, In that month, 4,990 pounds of direct materials were purchased and used at the total cost of $133,000. Calculate the direct materials quantity variance. Multiple Choice 513,240 untavorable $5240 untaverable $12,340 favorable $8.840 unfivcrable