ve & E A company uses the following standard costs to produce a single unit of output Direct materials Direct labor Manufacturing overhead 8 pounds at $0.6 per pound 0.30 hour at $9.00 per hour 0.30 hour at $3.80 per hour $4.30 52.70 $1.14 During the latest month, the company purchased and used 77.000 pounds of direct materials at a price of $0.80 per pound to produce 10,000 units of output Direct labor costs for the month totaled $24,596 based on 2,860 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $8,400 and fixed manufacturing overhead incurred was $20,000. Based on this information the direct materials quantity variance for the month was $1,800 favorable O $15,400 unfavorable $15,400 favorable $1,800 unfavorable $2.000 favorable