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In June, Indigo Manufacturing purchased 6,000 gallons of blue dye used to product stone-washed denim clothing. The price per gallon was $1.24 and the company used 5, 400 gallons of the dye during the month to produce 42, 660 yards of denim fabric. The standard allows for 8 yards of fabric per gallon of dye. The standard price for the dye is $1.26 Required Calculate the materials quantity variance for Indigo for June? Be sure to note if it is favorable or unfavorable and show your calculations