CT201: MANAGERIAL ACCOUNTING 1 T1-21-01 Jan 4, 2021 - Mar 27 2021 Courses Managerial Accounting 1 Week 12 / Final est 21 ABC Company planned to produce 3,000 units of its single product, Loka, during November. The standards for one unit of Lola sections of materials at $0.30 per kilogram. Actual production in November was 3,100 units of Loka. There was a favourable materias privalue of 10 and an untavourable materiais quantity variance of $120. Based on these variances, what could one assuma? et out of Select one: a. That the actual usage of materials was less than the standard allowed b. That the actual cost per kilogram for materials was less than the standard cost per kilogram. c. That more materials were purchased than were used, d. That more materials were used than were purchased. Next page Previous page ENG Di 12:43 PM 3/22/2021 100%