QUESTION 2 Bandit Manufacturing The following Sept information is available for Bandit Manufacturing Company whenit produced 5,250 units: Standard Material Labor 2.1 pounds per unit $5.75 per pound 1.8 direct labor hours per unit @S12.50 per hour Actual: Material Labor 12,075pounds purchased and used @ 55.65 per pound 8,925 direct labor hours at $13 per hour Refer to Bandit Manufacturing. What is the material price variance? o a $1,207F b. $1.485 OC $1,207 U od $1,485 F