The following material standards have been established for Product B: Description Standard quantity per units of output Standard price Amount 60 feet $20.35 per foot The following data pertain to actual operations concerning Product B for the last month: Amount 20,000 feet Description Actual materials purchased Actual cost of materials purchased Actual materials used in production $412,000 19,200 feet Actual output 330 units Question Select Your Answer What is the materials quantity variance for the month? $12,210 favorable What is the materials price variance for the month? 54.800 unfavorable