The Armstrong Corporation developed a flexible budget for its production process. Armstrong budgeted to use 13.000 pounds of direct material with a standard cost of $23.00 per pound to produce 17,000 units of finished product, Armstrong actually purchased 16,000 pounds and used 15,000 pounds of direct material with a cost of $29.00 per pound to produce 17.000 units of finished product. Given these results, what is Armstrong's direct material quantity variance? $58,000 favorable $69.000 unfavorable $69.000 favorable $46,000 unfavorable