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Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $14 per pound. During February,
Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $14 per pound. During February, Oxford Co. paid $57,200 for 4,870 pounds, which were used to produce 2,410 units. What is the direct materials quantity variance? (Do not round your intermediate calculations.)
$1,640 unfavorable
$2,674 favorable
$9,340 favorable
$10,100 unfavorable
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