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 (F Beginning Raw Materials Inventory 7lbs. $17 per lb. 600 units Olbs. 400 lbs. Ending Raw Materials Inventory Actual materials purchased Actual cost of materials purchased Actual units produced 6,100 lbs. $119,690 680 units Q. Based on this information, the materials quantity variance would be: Answer. (Click to select)