Use the following information to answer #12, #13, and #14 Titan Company has a materials price standard of $4.00 per pound. Twelve thousand pounds of materials were purchased at $4.40 a pound. The actual quantity of materials used was 12,000 pounds, although the standard quantity allowed for the output was 10,800 pounds. Titan's total materials variance is: $9,600 U O $9,600 F 0 $10,080 U O $10,080 F Use the following information to answer #12, #13, and #14 Titan Company has a materials price standard of $4.00 per pound. Twelve thousand pounds of materials were purchased at $4.40 a pound. The actual quantity of materials used was 12,000 pounds, although the standard quantity allowed for the output was 10,800 pounds. Titan's materials price variance is 0 $4,320 U 0 $4,800 U O $4,800 F 0 $480 U