Crane Company has a materials price standard of $2 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4000 pounds while the standard quantity allowed for the output was 3400 pounds. Crane Company's materials quantity variance is $1200 F. $1320 F. $1200 U. $1320 U.

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Crane Company has a materials price standard of $2 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4000 pounds while the standard quantity allowed for the output was 3400 pounds. Crane Company's materials quantity variance is O $1200 F O $1320 F. O $1200 U. O $1320 U. Crane Company has a materials price standard of $2 per pound. 4000 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4000 pounds while the standard quantity allowed for the output was 3400 pounds. Crane Company's materials quantity variance is O $1200 F O $1320 F. O $1200 U. O $1320 U.