Question 4-> The following information is provided about Product A: Standard quantity of the material per unit of output Standard price of the material Actual material purchased Actual cost of material purchased Actual material used in production Actual output Required: a. What is the materials spending variance for the month? b. What is the materials quantity variance for the month? Question 7.50 meters $10.30 per meter 10,200 meters $ 110,364 10,200 meters 1,500 units