Status: QUESTION 14 The following material standards have been established for Product A: Amount Description Standard quantity per units of output Standard price 50 feet $10.25 per foot The following data pertain to actual operations concerning Product A for the last month: Description Amount Actual materials purchased 12,500 feet Actual cost of materials purchased $121,875 Actual materials used in production (11,300 feet Actual output 220 units Question Select Your Answer What is the materials quantity variance for the month? What is the materials price variance for the month