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ACCOUNTING PROBLEM. Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During

ACCOUNTING PROBLEM.

Exeter has a material standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $133,000 for 5,010 pounds, which they used to produce 4,780 units. What is the direct materials quantity variance?

A. $5,980 unfavorable

B. $8,580 unfavorable

C. $1,840 favorable

D. $2,740 unfavorable

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