The following materials standards have been established for a particular product: Standard quantity per unit of output 7.3 pounds Standard price $14.45 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased 6600 pounds Actual cost of materials purchased $91740 Actual materials used in production 5900 pounds Actual output 1000 units What is the materials quantity variance for the month? a $19,460 F b $9,730 U c $10,115 U d $20,230 F 2.Last month 75,000 pounds of direct material were purchased and 71,000 pounds were used. If the actual purchase price per pound was $0.50 more than the standard purchase price per pound, then the materials price variance was: a $37,500 U b $35,500 U c $37,500 F d $2,000 F 3.Todco planned to produce 3,000 units of its single product, Teragram, during November. The standard specifications for one unit of Teragram include six pounds of material at $0.30 per pound. Actual production in November was 3,100 units of Teragram. The accountant computed a favorable materials purchase price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that: a more materials were purchased than were used. b the actual cost of materials was less than the standard cost. c more materials were used than were purchased. d the actual usage of materials was less than the standard allowed