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 50,400 pounds. - The actual purchase price per pound of materials was $2.15. - The company produced 13,000 units of finished goods during the period. What is the materials price variance? Multiple Choice $8,064F $8,064 $7,560F $7,560U Assume the following: - The variable portion of the predetermined overhead rate is $1.20 per direct labor-hour. - 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 variable manufacturing overhead cost for the period was $63,000. - The company produced 15,000 units of finished goods during the period. What is the variable overhead efficiency variance? Multiple Choice $1,131 $1,200 $1,131 F $1,200F