1.

McHenry Corp. makes wrought iron garden sculptures. During January, the purchasing agent bought 22,000 pounds of scrap iron at $0.60 per pound. During the month, 18,000 pounds of scrap iron were used to produce 500 sculptures. Although each sculpture is slightly different, McHenry uses a standard quantity per sculpture of 37 pounds of scrap iron at a standard cost of $0.65 per pound. What is the material quantity variance?

A. $300 F B. $2,275 U C. $2,100 U D. $325 F