Anderson purchased 6,000 pounds of materials at a total cost of $16,500, and used all of the materials to produce 4,000 units of product. The materials quantity variance is $900 unfavorable, and the total materials variance is $600 favorable. What is the standard price per pound for the materials? $2.50. $2.60 $2.75 $2.90 $3.00 Arrow Industries uses a standard costing system and has established the following standard cost for direct materials to produce one unit: 3 pounds @ $6.00 per pound. During May, Arrow purchased 50,000 pounds at $6.40 per pound and used 40,000 pounds to produce 14,000 units. What is the materials price variance? $16,000 unfavorable. $16,000 favorable $20,000 unfavorable. $20,000 favorable. None of the above. Arrow Industries uses a standard costing system and has established the following standard cost for direct materials to produce one unit: 3 pounds @ $6.00 per pound. During May, Arrow purchased 50,000 pounds at $6.40 per pound and used 40,000 pounds to produce 14,000 units. What is the materials quantity variance? $12,000 unfavorable. $12,000 favorable $12.800 unfavorable. $12,800 favorable. None of the above. Rasmussen Corporation uses a predetermined variable overhead rate based on direct labor-hours. According to the company's standard, 0.2 direct labor-hours are required to produce one unit and the variable overhead rate is $4.00 per direct labor-hour. In the most recent month, 10,000 units were produced using 1,900 direct labor-hours. The company incurred $8,500 in variable overhead costs. What is the standard variable costs allowed (SH X SR) to produce the 10,000 units? $7,600. $8,000. $8,500 $9,000 None of the above