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98 Assume the following - The standard peice per pound is $220 - The standard quantify or pounds ablowed per unit of finished goods is

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Assume the following - The standard peice per pound is $220 - The standard quantify or pounds ablowed 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 50,600 pounds - The nctual porchase price per pound of materiats was $225 - The company produced 13.000 units of finished goods during the period What is the materials quantify voriance? Mutiple Choice 53,0001 55.400F 13150F 55,280%

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