Homework ve Et 5 Assume the following The standard price per pound is $2.20 . 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 50,800 pounds The actual purchase price per pound of materials was $2.25 The company actually produced 19,000 units of finished goods during the period, however, its planning budget was based on 12,800 units What is the materials quantity variance? 10 MC $2.00 12.40 o SO 52700