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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

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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 and used in production is 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 price variance? Mutiple Choice O $13.000 U $12.500 F $12,500 U $13,000 F

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