The Thompson Company uses standard costing and has established the following direct material and direct labor standards for each zippy manufactured. Direct materials: 2 gallons at $5 per gallon Direct labor: 0.5 hours at $10 per hour During September, the company made 5,000 zipples and incurred the following costs: Direct materials purchased and used: 9,600 gallons at $5:10 per gallon Direct labor cost: $23,760 Direct Labor hours used in production: 2,400 The materials quantity variance for September was: The materials quantity variance for September was Multiple Choice $2.000 favorable $2.000 unfavorable $1,260 untavorable $1,040 favorable $1.260 favorable