Assume the following:

• The standard price per pound is $2.00.
• The standard quantity of pounds allowed 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 50,000 pounds.
• The actual purchase price per pound of materials was $2.25.
• The company produced 13,000 units of finished goods during the period.

What is the materials quantity variance?

Multiple Choice

$4,000 F

$6,750 F

$4,500 F

$6,000 F