Question 2 The Cheers Company makes mugs for which the following standards have been developed: Standard Price Expected Standard Inputs Expected For Each Unit of Output Direct Materials 5 ounces Direct Labor 1.5 hours Per Unit of Input $2 per ounce $8 per hour 1 pts Production of 400 mugs was expected in July, but 440 mugs were actually completed. Direct materials purchased and used were 2,100 ounces at an actual price of $2.20 per ounce. Direct labor cost for the month was $5,310, and the actual pay per hour was $9.00. What is the direct material quantity variance for July? $220 Favorable CO $200 Favorable $220 Unfavorable O $200 Unfavorable