Edgar, Inc. has a materials price standard of $2.00 per pound. 3,000 pounds of materials were purchased at a cost of $2.20 per pound. The standard quantity allowed for the output was 2, 700 pounds. Edgar, Inc.'s materials price variance is A) $60 U. B) $600 U. C) $600 F. D) $540 U. Edgar, Inc. has a materials price standard of $2.00 per pound. 3,000 pounds of materials were purchased at a cost of $2.20 per pound. The standard quantity allowed for the output was 2, 700 pounds. Edgar, Inc.'s materials quantity variance is A) $600 F. B) $660 F. C) $660 U. D) $600 U