The standard materials cost to produce 1 unit of Product R is 7 pounds of material at a standard price of $60 per pound. In manufacturing 7,800 units, 53,400 pounds of material were used at a cost of $61 per pound. What is the direct materials quantity variance? o S53,400 unifavorabl. o $53,400 favorabl. o $72,000 unfavorable o S72,000 favorabl. o S18,600 favorabl. Multiple Choice $873,600 Favorable. S873,600 Unfavorable. $41,585 Unfavorable. $41,585 Favorable S41,600 Favorable. Hassock Corp. produces woven wall hangings. It takes 4 hours of direct labor to produce a single wall hanging. Hassock's standard labor cost is $16 per hour. During August, Hassock produced 17,900 units and used 72,190 hours of direct labor at a total cost of $1,152,040. What is Hassock's labor efficiency variance for August? Multiple Choice . $9,440 favorable. $6,440 unfavorable. $12,440 unfavorable. $6,000 favorable $9.440 unfavorable