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find material price variance thanks Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished

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Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,100 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 price variance? Multiple Choice $12.525 U $12.525 F $13,026 U $13.026 F

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