Question 6 0.25 points Save Ans Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls Information regarding the usage of steel and plastic for the past year follows: Product Names Direct materials information Standard pounds per unit Standard Price (SP) per pound Actual Quantity (AQ) used per unit Actual Price (AP) paid for material Actual Quantity Purchased (AQP) and used Price variance Quantity variance Flexible budget variance Number of units produced What is the price variance for steel used to manufacture the trains? o $5075 unfavorable Steel Plastic 0.5 lb ? 0.75 lbs. $1.50 1 lb $3.25 2.5 lbs $1.50 2900 lbs. 1100 lbs $1441 F $975 U $1417 F 500 200 $875 unfavorable $5075 favorable $875 favorable Question 6 of 20 A Moving to another question will save this response