0.6 points A Company has a muterial standard of 1.1 pound per unit of output. Each pound has astandard peice of $31 per pound. During July A Company paid $118,800 for 5,$00 pounds Which they used to produce 4,900 units, What is the direct materials quantity variance? Enter the variance without as sign and as a positive value. For example, if vour calculation yields the result of 2,123, enter 2,123 . Type vour