Oxford Co. has a materials standard of 2.1 pounds per unit of output. Each pound has a standard price of $12 per pound. During February, Oxford Co. paid $57,220 for 4,840 pounds, which were used to produce 2,400 units. What is the direct materials quantity variance? Multiple Choice O $9,880 unfavorable O $1,420 unfavorable O $9,120 favorable O $2,400 favorable