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COTB MC Qu. 10-49 (Algo) Assume the following: Assume the following: - The standard price per pound is $3.70. - The actual quantity of materials purchased and used in production is 60,000 pounds. - The standard quantity allowed for the actual level of output is 59,200 pounds. What is the materials quantity variance? Multiple Choice $2,960F $2,160U $2,960U $2,160F COTB MC Qu. 10-30 (Algo) Assume the following: Assume the following: - The standard price per pound is $2.00. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 50,100 pounds. - The actual purchase price per pound of materials was $2.10. - The company produced 13,000 units of finished goods during the period. What is the materials price variance? Multiple Choice $5,511 $5,511F $5,010F $5,010U