4. Appliance Inc, has the following direct material standard to produce one appliance: 3.5 pounds per appliance at $8.00 per pound Last week 4,800 pounds of material were purchased and used to make 5,000 appliances. The material cost a total of $100,000. 1. what is the ACTUAL PRICE (AP) per pound for the material? 2. Appliance's direct material variance (MPV) for the week was? 3. The standard quantity of material that should have been used to produce 5,000 appliance's is? 4. Appliance's direct material quantity variance (MQV) for the week was ? Show ALL work