9 Perez, Inc. recently completed 46,000 units of a product that was expected to consume five pounds of direct material per finished unit. The standard price of the direct material was $7.50 per pound. If the firm purchased and consumed 237,000 pounds in manufacturing (cost $1,722.500), the direct material quantity variance would be figured as IMC Multiple Choice O $52.500 U $52.500 F $55,000 u $55.000 F None of the answers is correct