for a particular product: Problem 2 (10 points) The following materials standards have been established f Standard quantity per unit of output Standard price 0.2 grams $18.90 per gram 4,800 grams 586,880 4,200 grams 21,080 units Actual results for last month's operations are Actual materials purchased ctual cost of materials purchased Actual materials used in production Actual output orable or unfavorable? SHow What is the materials price variance for the WORK. (5 points) Required: a) What is the materials quantity variance for the month? Favora WORK. (5 points) b) Yo AQ x SP (for price) AQx SP (for qty) AQ x AP SQxSP Price Variance Quantity Variance