QUESTION 17 The standard and actual prices per pound of raw material are $4 and $4.50 respectively. A total of 10,400 pounds of raw material was purchased and used to produce 5,000 units. The quantity standard allows 2 pounds of the raw material per unit produced. What is the materials price variance? $2,500 unfavorable $5,250 unfavorable $5,200 unfavorable $2.500 favorable