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Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 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 $27 per pound. During July, Exeter paid $139,000 for 4.980 pounds, which it used to prouce 4.720 units. What is the direct materials quantity variance? Me Choice $9.620 unfavorable $7020 unfavorable $4,540 unfavorable $3,640 favorable

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