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 total materials variance is:

Group of answer choices

$2,520 U

$2,520F

$2,400 F

$2,400 U

Edgar, Inc.'s materials price variance is

Group of answer choices

$120 U

$1,080 U

$1,200 U

$1,200 F

Edgar, Inc.'s materials quantity variance is

Group of answer choices

$1,200 F

$1,320 F

$1,320 U

$1,200 U