Allan Industries' direct materials quantity standard is 8.6 pounds per unit and its direct materials price standard is $2.18 per pound. To make 13,000 units in February, Allan Industries used 115,000 pounds of direct materials and spent $250,000. Allan's accountants reported a total materials variance of $0.48 per unit. Is this correct? Why or why not? No, because variance should be reported in total dollars. No, because (actual quantity x actual price) - (actual quantity x standard price) should be $0.05 per unit. Yes, because the calculation was done correctly and reported in the appropriate form. No, because (actual quantity x actual price) - (standard quantity x standard price) should be $7,000F