Assume a company reported the following results: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets $400,000 260,000 140,000 60,000 $ 80,000 $575,000 The margin is closest to: Multiple Choice 35.0%. 20.0% 69.6%. 14.5% Assume the following information appears in the standard cost card for a company that makes only one product: Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours 5 pounds 2 hours 2 hours Standard Price or Rate $11.50 per pound $17.00 per hour $ 3.00 per hour During the most recent period, the following additional Information was available: 20,000 pounds of material was purchased at a cost of $10.50 per pound. All of the material that was purchased was used to produce 3,900 units. 8.000 direct labor-hours were recorded at a total cost of $132,000. . What is the direct materials quantity variance? Multiple Choice $5,750 U $5,750 F $5,250 U $5,250 F