QUESTION 12 Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $10 per pound. During February, Osdord Co. paid $57,220 for 4,840 pounds, which were used to produce 2.400 units. What is the direct materials price variance? $6,820 unfavorable o $8,820 unfavorable $8,820 favorable $6,820 favorable 86,8207220 tutorial site QUESTION 13 Oxford Co. has a material standard of 2.1 pounds per unit of output. Each pound has a standard price of $10 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? $2,000 unfavorable $2,000 favorable $6,820 favorable $6,820 unfavorable