The standard materials cost to produce 1 unit of Product Ris 6 pounds of material at a standard price of $50 per pound. In manufacturing 8,000 units, 47,000 pounds of material were used at a cost of $51 per pound. What is the direct materials quantity variance? Multiple Choice $47,000 favorable. $50,000 favorable, $50,000 unfavorable, $47000 unfavorable, OOO favorable. Direct materials standard (7 kg. @ $2/kg) Actual cost of materials purchased Actual direct materials purchased and used $ 14 per finished unit $322,500 150,000 kg Multiple Choice O $27,500 unfavorable. 0 O $50,000 untavorable 0 () $22.500 unfavorable 0 0 O $22.500 favorable $50,000 favorable 0