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 50,200 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? 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 50,200 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