Earlene's Eyewear manufactureseeass rames. The company uses a standard cost system has set the following standards for frame model 19841. $16.425 per 4.5 oz. plastic per frame at $3.65 per oz. Direct Material frame Direct Labor frame $22.40 per 8 hours at $28 per hour In April, Earlene's made 2,500 frames with a material cost of $48,000. Earlene's Eyewear purchased 12,000 oz. of plastic but only used 10,000 oz. of plastic for frame 19841 What is the Material Price Variance? Which of the following could explain the material price variance calculated above? a. Earlene's Eyewear paid less per oz because the material was purchased in bulk to receive a discount. used. fewer labor hours were required than planned. quality material b. Earlene's Eyewear earned less per frame because more materials were purchased than c. Earlene's Eyewear earned more per frame because there were no machine breakdowns and d. Earlene's Eyewear paid more per oz because the company decided to go with a higher What is the Material Quantity Variance? Which of the following could explain the material quantity variance calculated above? a. Earlene's Eyewear incurred less materials expense because there was very little waste which fell below the standard allowance. due to an unexpected price increase across the industry breakdowns and fewer labor hours were required than planned. with a higher quality material. b. Earlene's Eyewear incurred more materials expense because the price for the material rose c. Earlene's Eyewear incurred less materials expense because there were no machine d. Earlene's Eyewear incurred more materials expense because the company decided to go