Question 16 A company developed the following per-unit standards for its product: 5 kilograms of direct materials at $3 per kilogram. Last month, 1.000 kilograms of direct materials were purchased for $2880. Also last month, 760 kilograms of direct materials were used to produce 148 units. What was the direct materials quantity variance for last month? $60 unfavourable $60 favourable $720 unfavourable $720 favourable