The following materials standards have been established for a particular product: Standard quantity per unit of output4.4 pounds Standard price $13.20 per pound The following data pertain to operations concerning the product for the last month Actual materials purchased Actual cost of materials purchased 62,880 Actual materials used in production Actual output 4,800 pounds 4,300 pounds 700 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Multiple Choice $6,550 U $15,982 U $16,104 U $6,600 U