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Cobton Co.'s has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Cobton Co.'s used 3,100 pounds

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Cobton Co.'s has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Cobton Co.'s used 3,100 pounds of materials at a total cost of $17,980. Cobton Co.'s materials quantity variance is Select one: 0 A. $20 F. B. $6,200 U. C. $600 U. D. $4,200 U. 0 E. None of the above. Cobton Co.'s has a standard of 2 hours of labor per unit, at $18 per hour. In producing 2,000 units, Cobton Co.'s used 3,850 hours of labor at a total cost of $70,455. Cobton Co.'s labor price variance is Select one: O A. $1,545 U B. $1,200 U. C. $1,155 U D. $2,895 F. E. None of the above

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