MNC Manufacturing Co anticipate that there will be 3 pounds of raw material used for every unit of finished goods produced. AMM began the month of May with 5,000 pounds of raw material, purchased 15,000 pounds for $19,500 and ended the month with 4,000 pounds on hand. The company produced 5,000 units of finished goods. The company estimates standard costs at $1,50 per pound. The materials price and efficiency variances for the month of May were: Select one: a $3,000 (F) $1,500 (U) b. $3,200 (F) $1,500 (U) C. $3,000 (U) $1,500 (U) d. $3,000 (F) $ 0 3. Multinational companies, such as FedEx, Kraft, and Pfizer, have operations in many countries. Managers of multinational companies don't need to prepare budget in different currencies because anticipating potential changes in exchange rates that might occur during the year is not their concern. Select one: True False