Colden Marine Stores Company manufactures special metallic materials and decorative fittings for hory yachts that require highly sulled labor, Goldenuses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows Direct materials: 2 pounds per unit: $4 per pound Labor: 4 hours per unit: $20 per hour During the first quarter. Golden produced 5000 units of this product. At the end of the quarter, an examination of the direct materials records showed that the company used 9500 pounds of direct materials and the direct materials price variance win $3750 V. Which of the following is a logical explanation for this variance? The company used a greater quantity of direct materials than allowed by the standarte The company paid a higher cost per hour for labor than allowed by the standards The company paid a che cost for the direct materials than allowed by the standards The company ined more tibor hours than allowed by the standards