Larry's Woodworks has collected the following data for its cutting board line of products: Direct materials standard Direct materials standard cost Actual Direct Materials Used (AQU) Actual finished goods purchased 15 pounds per unit $0.68 per pound 50,000 pounds 4,400 units What is the direct materials quantity variance? $10,880 unfavorable $10,880 favorable $5,120 favorable $5,120 unfavorable