Oxford Company has a materials standard of $2.27 pounds per unit of output. Each pound has a standard price of $27 per pound. During February, Oxford Company paid $54,940 for 4,920 pounds at $28 per pound, which were used to produce 2,450 units. What is the direct materials quantity variance? Multiple Choice $3,900 favorable $6,540 unfavorable $300 unfavorable $17,320 favorable Oxford Company has a materials standard of $2.27 pounds per unit of output. Each pound has a standard price of $27 per pound. During February, Oxford Company paid $54,940 for 4,920 pounds at $28 per pound, which were used to produce 2,450 units. What is the direct materials quantity variance? Multiple Choice $3,900 favorable $6,540 unfavorable $300 unfavorable $17,320 favorable