xyz company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. xyz uses standard costs to prepare its flexible budget. for the first quarter of the year, directs materials and direct labor standards for one of their popular were as follow: direct material 2 pound per unit: 12 per pound . direct labor 4 hours per unit 18 per pound . xyz produced 300 units during the quarter. At the end of the quarter an examination of the direct material repcred showed that the company used 7500 pounds of direct materials and actual total materials costs were 98,400. what is the direct cost variance? and favorable or unfavorable