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 price variance is $1080 F. $1040 U. 0 $40 U. $1080 U