Question 18 Chapter 10 Maer Companyastandard cost system Information for raw materials for Product for the month of Octobes follows: Standard price per pound of raw materials - $1.60 Actual purchase price per pound of raw materiale - $1.55 Actual quantity of raw material pursused -2,000 pounds Actual quantity ofw materials used-1.900 pounds Standard quantity allowed for actual production-1,800 pounds What is the materials price variance? $100 favorable $90 favorable none of the other answers $90 unfavorable Question 19 Chapter 10 The following materials standards have been established for a particular product