Robb Industries (RII) developed standard costs for direct material and direct labor. In 2020, RII established the following standard costs for one of their major products, the 10-gallon plastic container. Direct materials Direct labor Standard quantity 0.10 pounds 0.05 hours Standard price $30 per pound $15 per hour The information during June is as follows: Actual production volume Actual amount of direct materials used Actual price of direct materials. . 4,500 containers 480 pounds . $32 per pound Direct material quantity variance in June is: $900 favorable $900 unfavorable $1,200 unfavorable O $1,200 favorable Which of the following statements about budgeting is correct? The direct materials budget is prepared before the sales budget. Depreciation on factory equipment should be included as a cash disbursement on a cash budget. Direct labor budget is based on budgeted production for the period. The first budget a company prepares in a master budget is the direct labor budget