The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 4.5 pounds $13.30 per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 4,950 pounds $62,980 4,450 pounds 710 units The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? Multiple Choice $6,362 0 $15,968 U o $16,692 0 $6,650 U