1 point 8. The standard and actual price per pound of raw material are P4 and P4.50 respectively. A total of pounds of raw material was purchased and then used to produce 5,000 units. The quantity standard allow two (2) pounds of raw material per unit produced. What was the materials quantity variance? P5,000 unfavorable P2,000 favorable P2,000 unfavorable P5,000 favorable