Page 1 Question 1 (2 points) Bumgardner Inc. has provided the following data concerning one of the products in its standard cost system. 1 2 3 4 5 Standard Quantity or Hours per Standard Price Inputs Unit of Output or Rate Direct 8.0 liters materials $5.00 per liter The company has reported the following actual results for the product for April: Page 2: 6 7 8 9 10 Actual output 7,400 units Raw materials purchased 65,400liters Actual price of raw materials $ 5.70per liter Raw materials used in production 59,210 liters The raw materials quantity variance for the month is closest to: Page 3 11 12 13 OA) $50 U OB) $57 U 15 C) $57 F OD) $50 F