The standard materials cost to produce one unit of Product K is 7 pounds of material at a standard price of $32 per pound. In manufacturing 8,000 units, 54,000 pounds of material were used at a cost of $30 per pound. What is the total direct material cost variance? $64,000 favorable. $172,000 favorable. $104,000 favorable. $108,000 favorable. $44,000 favorable