Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Predetermined overhead rate based on direct lator hougs =$3.83 The January figures for purchasing. production, and labor are: The company purchased 230,100 pounds of raw materials in January at a cost of 78c a pound. Production used 230.100 pounds of raw materials to make 116.000 units in January. Direct labor spent 18 minutes on each prodact at a cost of $7.80 per hour. Overhead costs for January totaled $41,342 variable and $75,000 foxed What is the materials quantity variance? (Round per unit calculations to 2 decimal places, e.8. 1.25 and final answer to 0 decimal places, e.g. 125.) Materials quantity variance Neither fatvorable nor unfavorable Unfavorable Favorable