8) Assume the following:

The standard price per pound is $2.15.

The standard quantity of pounds allowed per unit of finished goods is 4 pounds.

The actual quantity of materials purchased was 53,000 pounds, whereas the quantity of materials used in production was 51,000 pounds.

The actual purchase price per pound of materials was $2.25.

The company produced 13,000 units of finished goods during the period.

What is the materials quantity variance?

Multiple Choice

$2,150 F

$4,500 F

$2,250 F

$4,300 F