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: Description Amount Actual materials purchased 20,000 feet Actual cost of materials purchased $412,000 Actual materials used in production 19,200 feet Actual output 330 units Select Your Answer Question What is the materials quantity variance for the month? What is the materials price variance for the month