Quantile Corporation has the following standards for its direct materials: Standard cost: $3.70 per pound Standard quantity: 7.20 pounds per product During the most recent month, the company purchased and used 43,500 pounds of material in manufacturing 6,200 products, at a total cost of $163,400. Compute the materials quantity variance.

$2,450 Unfavorable

$4,218 Unfavorable

$4,218 Favorable

$2,450 Favorable