The following materials standards have been established for a particular product Standard quantity per unit of output Standard price $ 4.4 pounds 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 Actual materials used in production Actual output 4,800 pounds $ 62,880 4,300 pounds 700 units 5) What is the materials quantity variance for the month? A) $6,600 U B) $16,104 U C) $15,982 U D) $6,550 U 6) What is the materials price variance for the month? A) $480 F B) $430 U C) $430 F D) $480 U