Edgar, Inc. has a materials price standard of $2.00 per pound. Six thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds.Edgar, Inc.'s total materials variance is

A) $2,400 U.
B) $2,400 F.
C) $2,520 U.
D) $2,520 F.

Clark Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2,000 units were produced using 4,200 hours at $18.30 per hour. The labor quantity variance was

A) $3,660 F.
B) $3,600 U.
C) $2,460 U.
D) $3,660 U.

Clark Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2,000 units were produced using 4,200 hours at $18.30 per hour. The labor price variance was

A) $1,260 U.
B) $4,860 U.
C) $4,860 F.
D) $3,600 U.