In its first month of operations , Multiplex Corporation purchased 40 , 000 pounds of material for $3.40 per pound . The company used 38 , 000 pounds of the material to produce 18 , 000 units of its only* product . Multiplex uses a standard cost system and its standard quantity and price per unit are 2 sounds at $3.50 per pound . What was the material price variance for the month ?' $ 2 , 000 favorable* A ) $ 2 , 000 unfavorable B ) $ 4 , 000 favorable $ 4 , 000 unfavorable* D ) None of the above . E ) "This is the same information as that provided in the preceding question . ) In its first* month of operations , Multiplex Corporation purchased 40 , 000 pounds of material for $3.40 per pound . The company used 38 , 000 pounds of the material to produce* 18 , 000 units of its only product . Multiplex uses a standard cost system and its* standard quantity and price per unit are 2 pounds at $3.50 per pound . What was the material efficiency variance for the month ?" $5, 000 favorable A ) $5 , 000 unfavorable* B ) $ 7, 000 favorable C ) $7 , 000 unfavorable* D ) None of the above