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Assume the following: - The standard price per pound is $2.20. - The standard quantity of pounds allowed per unit of finlshed goods is 4

image text in transcribed Assume the following: - The standard price per pound is $2.20. - The standard quantity of pounds allowed per unit of finlshed goods is 4 pounds. - The actual quantity of materlals purchased and used In production is 50,800 pounds. - The actual purchase price per pound of materlals was $2.25. - The company produced 13,000 units of finished goods during the perlod. What is the materlals quantity varlance? Multiple Choice $2,640U $2,640F $2,700U $2700F

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