The following company information is available for January: Direct materials used 2, 500 feet @ $55 per foot Standard costs for direct materials for January production 2, 600 feet @ $53 per foot The direct material price variance is: $5,000 favorable $ 300 favorable $5, 300 unfavorable $5,000 unfavorable $5, 300 favorable The following company information is available for January: Direct materials used 2.500 feet @ $55 per foot Standard costs for direct materials for January production 2, 600 feet @ $53 per foot The direct material quantity variance is: $5,000 favorable $300 favorable $5, 300 unfavorable $5,000 unfavorable $5, 300 favorable Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales first four months of the current year: Ending inventory for each month should be 20% of the next month's sales, and the December 3 inventory is consistent with that policy. How many units should be purchased in February? 1, 860 1, 900 1, 940 1, 980 2, 320 Fairway's April sales forecast projects that 6,000 units will sell at a price of $10.50 per unit desired ending inventory is 30% higher than the beginning inventory, which was 1,000 units. purchases of units in April would be: 6,000 units 7,000 units 6, 300 units 7, 300 units Some other amount