CALCULATOR INSTON BACK Question 6 The following direct materials data pertain to the operations of Wright Co. for the month of December Standard materials price $5.00 per pound Actual quantity of materials purchased and used 16,500 pounds The standard cost card shows that finished product contains 4 pounds of materals. The 16,500 pounds were purchased in December at a discount of us from the standard price. In December 4,000 units of finished product were manufactured Calculate the materials variances. Identify whether the variance is favorable or unfavorable? Materials price variance $ Materials quantity variance $ Total matenals variance Click if you would like to show Work for this questions Open Show