Question 2 1 pts The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per kilogram. The actual production of the product in April was 870 units. While the production had been budgeted for 850 units. During April, 7,150 kilograms of the raw material were purchased for $5,625. All the kilograms of the raw material purchased were used in production. What was the materials price variance? Enter a favorable variance as a positive number. Enter an unfavorable variance with a minus sign. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS. Question 5 Your Company's direct material costs for the month follows: Actual quantity of direct materials purchased and used. Actual cost of direct materials.... 1 pts 26,000 pounds $34,000 Favorable direct materials quantity variance. $5,000 Standard quantity of direct materials allowed for May 30,000 pounds What was the standard price per unit? HINT: Easiest to use Materials quantity variance = SQ * SP - AQ * SP ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS. Question 6 1 pts Your Company's materials quantity variance was $24,000 favorable. The standard cost per pound is $12.00 and 30 pounds are allowed for each unit of output. Records show that 46,500 pounds of material were used. How many units of output were actually produced? Enter a favorable variance as a positive number. Enter an unfavorable variance with a minus sign. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DESCRIPTIONS.