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Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials...

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Accounting

Edgar, Inc has mateirals price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quanity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.

Edgar, Inc's materials quanitity variance is

1) $1,200 unfavorable

2) $1,200 Favorable

3) $1320 F

4) $1320 U

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