A company uses a standard costing system and is analyzing its costs for the most recent period. With respect to materials, the company uses the following standards: Standard Quantity of material allowed per unit Standard Price of material Budgeted units to be produced 7lbs. $18 per lb. 550 units Beginning Raw Materials Inventory Ending Raw Materials Inventory Actual materials purchased Actual cost of materials purchased Actual units produced Olbs. 400 lbs. 6,100 lbs $145,010 680 units Q. Based on this information, the materials quantity variance would be: Answer $16,920 Unfavorable