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2. This information descrihac tha 3. Lyle Inc. produced 3,700 units of finished product, using 15,000 pounds of raw material. Lyle purchased 16,000 pounds for

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2. This information descrihac tha 3. Lyle Inc. produced 3,700 units of finished product, using 15,000 pounds of raw material. Lyle purchased 16,000 pounds for $158,400. The material standards for the product are 4 pounds at $10 per pound. What are the materials quantity variance and materials price variance, respectively? a. $2,000F;$1,500F b. $2,000U;S1,500F c. $2,000F;$1,500J d. $2,000U;$1,500U c. None of the above

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