The following material standards have been established for Product A Amount Description Standard quantity per units of output Standard price 50 feet $per foot The following data pertain to actual operations concerning Product A for the last month: DescriptionAmount 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