20.Assume the Jones Company uses a standard costing system.They estimate each unit cost contains the following;

Direct materials of 5 lbs of material at $3.00 per lb.

Direct labor of 2 hours at $30 per hour

During the month they purchased 30,000 lbs of material at a cost of $92,000 and used 27,000 of those lbs producing 5,300 units.Also, during the same month they used 11,000 hours and paid workers a total of $340,000.

21.Refer back to Question 20, what is the material quantity variance for the month?

A.$1,500 favorable

B.$1,500 unfavorable

C.$2,000 unfaavorable

D.None of the answers are correct