PART 1 SUBJECTIVE SCORE INSTRUCTOR USE ONLY 100000-700 504302010 19 At the beginning of October, the following was determined for a particular product Standard Quantity of material per unit produced 10.0 lbs. Standard Price of material $ 2.00 per lb. Budgeted Units to be produced 6,000 units The following data pertain to operations concerning the product for October: Actual Cost of materials purchased $ 150,000 Beginning Materials Inventory 1,500 lbs. Ending Materials Inventory 2,000 lbs. Actual Units Produced 8,000 units Materials Purchase Price Variance $ 15,000 Favorable w What was the Materials Quantity Variance for October? $4,000 Unfavorable $5,000 Unfavorable $15,000 Unfavorable $26,000 Favorable None of the above 150,000 15000