Question 7 11 pts The following materials standards have been established for a particular raw material used in the company's sole product: Standard quantity per unit of output.......... Standard price....... 0.5 pound $16.60 per pound The following data pertain to operations concerning the product for the last month: $34,650 Actual cost of materials.......... Actual materials used in production.......... Actual output..... 1,900 pounds 4,200 units What is the materials quantity variance for the month? $3,110U $6,430 F O $3,320 F O $3,110 F $3,320 U m/courses/49955/ti_collaborations itio rev D Question 8 11 pts Your Company's standards call for 1.85 hours per unit. The company planned to produce 500 units during May. However, 650 units were produced. The company worked 1,156 direct labor-hours. What are the standard hours (SQ) allowed for May production? O 1,203 O 650 2,139 O 925