The standard materials cost to produce 1 unit of Product R is 8 pounds of material at a standard price of $61 per pound. In manufacturing 8,500 units, 65,700 pounds of material were used at a cost of $62 per pound. What is the direct materials quantity variance?

Multiple Choice $65,700 unfavorable. $65,700 favorable. $140,300 unfavorable. $140,300 favorable. $74,600 favorable.