The following information is available for ABC Co. for the month of July 2019. Actual quantity of material purchased and used Actual purchase price of materials Materials purchase price variance Standard quantity of materials allowed for actual production What was the materials efficiency variance for July 2019? 30,000 pounds $2.70 per pound $900 Unfavorable 28,000 pounds Hint: use the templates used in the lecture and the worked example (also found in Exhibit 7-3 of the textbook), fill in the known information and solve for the unknowns. O $5.460 Unfavorable O $5,340 favorable $5.460 favorable Cannot be determined from the information given O $5.340 Unfavorable