QUESTION 3 A company maufactures frames and uses wood for the frames. During a recent month, the company manufactured 3,000 frames using 3,000 feet of wood. The wood cost the company $6,000. The company's standards for one frame is 0.9 feet at a cost of $2.10. Calculatehe following round to the nearest whole amount. Do NOT use "Sorxx 1. What is the standard quantity of feet of wood that is needed to make the 1,000 frames? 2. What is the standard materials cost allowed to make the 1,000 frames: S th 3. What is the materials price variance? (do not show as positiveegative) Is this variance " or "U? (answer only "F" or "U") 4. What is the materials quantity variance? (answer only "For U (do not show as positiveegative) is this variance "For "U" 10