Edgar, Inc. has a materials price standard of $2.00 per pound. 3,000 pounds of materials were purchased and used at an actual cost of $2.20 per pound. The standard quantity allowed for the output was 2, 700 pounds. Edgar, Inc.'s total materials variance is A) $1, 260 U. B) $1, 200 F. C) $1, 260 F. D) $1, 200 U. Monster Company produces a product requiring 3 direct labor hours at $20.00 per hour. During January, 2,000 products are produced using 6, 300 direct labor hours. Monster's actual direct labor cost during January was $122, 850. What is the labor quantity variance? A) $3, 150 F B) $2.850 U C) $6,000 F D) $6,000 U