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Assume the following: - The actual price per pound is $2,25. - The standard quantity of pounds allowed per unit of finished goods is 4

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Assume the following: - The actual price per pound is $2,25. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 50,000 pounds. - The materials price variance is $12,500U. - The company produced 13,000 units of finished goods during the period. What is the standard price per pound for direct materials? Multiple Choice $2.10 $2.00 $2.15 $2.20 Assume the following: - The standard labor rate per hour is $17.00. - The standard labor-hours allowed per unit of finished goods is 3 hours. - The actual quantity of labor hours worked during the period was 44,000 hours. - The total actual direct labor cost for the period was $726,000. - The company produced 15,000 units of finished goods during the period. What is the labor spending variance? Multiple Choice $22,000F $39,000 $22,000U $39,000F

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