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Assume the following: The standerd price per pound is $2.00. The standerd quentity of pounds allowed per unit of finished goods is 4 pounds.

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Assume the following: The standerd price per pound is $2.00. The standerd quentity 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? Multi Choice $6,000 $4,000F $6,750 F $4,500

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