The following data is given for the stringer Company:Budgeted production1,044 unitsActual production 925 unitsMaterials: Standard price per ounce$1.78 Standard pounds per completed unit10 Actual pounds purchased and used in production8,973 Actual cost of materials$18,395Labor: Standard hourly labor rate$15.00 per hour Standard hours allowed per completed unit4.0 Actual labor hours worked4,763.75 Actual total labor costs$72,647Overhead: Actual and budgeted fixed overhead$1,081,997 Standard variable overhead rate$28.00 per standard labor hour Actual variable overhead costs$133,385Overhead is applied on standard labor hours.Determine the direct material quantity variance.Select the correct answer. 2,423 F2,423 U493 F493 U