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Question 12 3.33 pts E Company has developed the following standards for one of its...

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Question 12 3.33 pts E Company has developed the following standards for one of its products: Direct materials: 20 pounds at $4 per pound Direct labor: 5 hours at $18 per hour The following activities occurred during the month of October: Materials used: 220,000 pounds at $4.20 per pound Units produced: 10,000 units Direct labor: 51,000 hours at $17.70 per hour E's materials quantity variance would be: $120,000 unfavorable $80,000 unfavorable $120,000 favorable $80,000 favorable 999

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