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Oxford Company has a materials standard of 21 pounds per unit of output. Each pound has a standard price or $12 per pound During February, Oxford Company paid $64,220 for 4,940 pounds at $13 per pound, which were used to produce 2,500 units of product. What is the direct materials price variance? Multiple Choice $2.600 favorable $4.940 unfavorable $2.500 unfavorable $5,040 favorable Oxford Company has a materials standard of $2.22 pounds per unit of output. Each pound has a standard price of $22 per pound. During February, Oxford Company paid $54,440 for 4,880 pounds at $23 per pound, which were used to produce 2,430 units. What is the direct materials quantity variance? Multiple Choice $800 unfovorable $11.321 favorable $3,400 favorable $6,040 unfavorable Exeter Company has a materials standard of 1 pound per unit of output. Each pound has a standard price of $26 per pound. During July, Exeter paid $67,146 for 2,565 pounds, which it used to produce 2,445 units of product. What is the direct material price variance? Multiple Choice $456 unfovorabie $2,260 unfavorable $1,500 unfovorable $2,356 favorable