The standard materials cost to produce 1 unit of Product R is 7 pounds of material at a standard price of $57 per pound. In manufacturing 8,400 units, 57,400 pounds of material were used at a cost of $58 per pound. What is the direct materials quantity variance?

Multiple Choice

• $57,400 unfavorable.

• $57,400 favorable.

• $79,800 unfavorable.

• $79,800 favorable.

• $22,400 favorable.