Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $66,8AG for 3,120 pounds, which it used to produce 3,000 units of product. What is the direct materials quantity variance? Multiple Choice $4,420 favorable $1,916 unfavorable $3,240 unfavorable $1,826 unfavorable Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $66,8AG for 3,120 pounds, which it used to produce 3,000 units of product. What is the direct materials quantity variance? Multiple Choice $4,420 favorable $1,916 unfavorable $3,240 unfavorable $1,826 unfavorable