Kramer Inc. has a materials price standard of $2.00 per pound.Six thousand pounds of materials were purchased at $2.20 a pound.The actual quantity of materials used was 6,000 pounds, althoughthe st Kramer Inc. has a materials price standard of \( \$ 2.00 \) per pound. Six thousand pounds of materials were purchased at \( \$ 2.20 \) a pound. The actual quantity of materials used was 6,000 pounds, 2 answers