Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price of $13 per pound. During February, Oxford Co paid $57,700 for 4,880 pounds, which were used to produce 2,400 units. What is the direct materials quantity variance? Multiple Choice $9,680 favorable $10,440 unfavorable $1,980 unfavorable $2,080 favorable