The following data relate to direct materials costs for November: Actual Costs: 4,500 pounds at $6.00 Standard Costs:4,600 pounds at $5.50 What is the direct materials price variance? a. $2,250 unfavorable b. $2,250 favorable c. $2,300 unfavorable d. $1,700 unfavorable Using the above information, what is the direct materials quantity variance? a. $550 favorable b. $550 unfavorable c. $600 unfavorable d. $600 favorable