Concord Corporation has a materials price standard of $2.00 per pound. 4300 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4300 pounds, although the standard quantity allowed for the output was 3700 pounds. Concord Corporation's total materials variance is 0 $2060 U. 0 $2180 U. 0 $2180 F. 0 $2060 F