Current Attempt in Progress Concord Corporation has a materials price standard of $2.00 per pound, 5400 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5400 pounds, although the standard quantity allowed for the output was 5200 pounds. Concord Corporation's materials quantity variance is $440 U. $400 F. O$400 U. O $440 F