Question 8 Jason Company uses a standard costing system and has set the following standards for direct materials in order to produce one unit of its only product: direct materials standard quantity 4 pounds standard price $16 per pound During September, Jason Company purchased 59,000 pounds of direct materials and produced 15,000 units. At September 30, Jason had 8,000 pounds remaining in its direct materials inventory. Jason Company reported the following variances for September: Direct material price variance ........ Direct material quantity variance ..... $42,000 unfavorable $54,000 unfavorable Calculate the number of pounds of direct materials in Jason's September 1 direct materials inventory