Problem 2 (1o points) The following materials standards have been established for a particular product: 0.2 grams S18.90 per gram Standard quantity per unit of output Standard price Actual results for last month's operations are Actual materials purchased Actual cost of materials purchased Actual materials used in production 4,800 grams $86,880 4.200 grams 21,080 units Actual output Required: terials price variance for the month? Favorable or unfav WORK. (5 points b) What s the materials quantity variance for the month? Favorable or unfavo r unfavorable? SHOW YOUR WORK. (5 points) AQ x SP (for price) AQx SP (for qty) AQ x AP SQxSP Price Variance Quantity Variance