Sharp as Nails Co. manufactures screws and nails. For its nine-inch nails, it estimates its direct materials costs to be $0.025 per nail. The budget for June is based on 2,400,000 nails to be produced Required: 1. What was the total budgeted direct materials cost for the month of June? (1 mark) 2. If the total cost of direct materials was actually $59,500 for 2,500,000 nails produced, what was the direct material price variance amount for June? Was the variance favourable on unfavourable