Question 14 (4 points) Marigold Company has developed the following Direct materials standards for one of its products. Direct materials: 10 pounds The following activity occurred during the month of October Materials purchased: Materials used: Units produced 10,000 pounds costing $150,000 6,000 pounds 500 units The company records materials price variances at the time of purchase. The direct materials price variance is: $12,000 F $41.000 F $30,000 U $53,000 U. Which of the following is true about ideal standards? Ideal standards demand maximum efficiency and no slack is allowed. hr All of these Ideal standards can be achieved under efficient operating conditions. Ideal standards provide allowance for normal breakdowns and interruptions