The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance? Multiple Choice $47000 unfavorable $47000 favorable $3,000 favorable $50,000 favorable $50,000 unfavorable