12 of 26 View Policies Current Attempt in Progress -/2 Crane Company has a materials price standard of $2.00 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4000 pounds, although the standard quantity allowed for the output was 3400 pounds. Crane Company's total materials variance is $2120 U. $2120 F. $2000 U. $2000 F. Save for Later Attempts: 0 of 1 used Submit