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Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter

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Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $136,000 for 5,010 pounds, which it used to produce 4,740 units. What is the direct materials quantity variance? Multiple Choice $4,840 favorable O $5,740 unfavorable $7020 unfavorable $9,620 unfavorable

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