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The following materials standards have been established for a particular product: ME Standard quantity per unit of output Standard price 4.5 pounds $13.30 per The following data pertain to operations concerning the product for the RE S Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,950 pounds $62,980 4,450 pounds 710 units - S O PO ta . D SOS D The direct materials purchases variance is computed when the materials ar TO SO What is the materials quantity variance for the month? Multiple Choice $6,362 U 6,650 O $16 692 U o hat is the materials quantity variance for the month? Multiple Choice $6,362 u 56.650 516692 $15.968