Kraft adopts a standard cost system, which specifies that each product uses a standard of 1 pound direct materials and direct materials' standard price is $27 per pound. Kraft produced 4,720 units of products in May. In that month, 4,980 pounds of direct materiais were purchased and used at the total cost of $139,000. Calculate the direct materials quantity variance, Multiple Choice $7,020 unfavorable $3,640 favorable $4,540 unfavorable