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Anew:- Q 1. The following cost information is for Leslie Company. Actual results: Total cost of purchasing material: $5 8,000 Number of labor hours worked: 1,000 hours Number of material pounds used in production: 5,850 pounds Total labor cost: $48,000 Number of units produced: 300 units Number of material pounds purchased: 6,250 pounds I I I I I 0 Leslie Company has established the following standards: Price per pound of materials: $10.00 per pound Number of pounds of material to produce one unit: 20 pounds Standard labor rate: $50.00 per hour Number of labor hours to produce one unit: 3 hours O O O O Compute Leslie's Materials Quantity Variance. F $1,500 Favorable $1,500 Unfavorable '1 \"'1 $2,500 Favorable \"a $2,500 Unfavorable The following error must have been performed to come up with this choice: AQ = amount used in production not amount purchased See http:h'cebyu.edufcoursesfunivf322626202016Imediaffeedbackflessonl lfe edback.htm for more information. 1." $4,500 Favorable 1." $4,500 Unfavorable