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please help with step by step solving Assume the following: . The standard price per pound is $2.00. The standard quantity of pounds allowed per

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Assume the following: . The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods is 4 pounds. The actual quantity of materials purchased and used in production is 50,200 pounds. The actual purchase price per pound of materials was $2.10. The company produced 13,000 units of finished goods during the period. What is the materials price variance? O $5,020 F O $5,522 U $5,522 F O $5,020 U

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