Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5, 400 pounds. Edgar, Inc.'s materials price variance is a. $120 U. b. $1, 200 U. C. $1, 080 U. d. $1, 200 F. Edgar, Inc.'s materials quantity variance is a. $1, 200 U. b. $1, 200 F c. $1, 320 F. d. $1, 320 U. Edgar, Inc.'s total materials variance is a. $2, 400 U. b. $2, 400 F c. $2, 520 U. d. $2, 520 F