Question 5 (1 point) All Urban Company produces a product requiring 4 pounds of material costing $3.50 per pound. During December, All Urban purchased 4,200 pounds of material for $14,112 and used the material to produce 500 products. What was the materials price variance for December? Oa) $588 F Ob) $112 U Oc) $560 F d) $672 U Question 6 (1 point) The formula for the labor price variance is a) (AH) x (SR) less (SH) x (SR). Ob) (AH) x (SR) less (AH) x (SR). Oc) (AH) x (AR) less (AH) x (SR). d) (AH) x (AR) less (SH) x (SR)