Question: Question 11 (3 points) Calculate a Level 3 rate/price variance for materials given the following information: Budget Data: units produced 500; total material used 650

Question 11 (3 points) Calculate a Level 3 "rate/price" variance for materials given the following information: Budget Data: units produced 500; total material used 650 lbs; total material cost $7,150. Actual Results: units produced 400; total material used 600 lbs; total material cost $7.200. O $880 U $600 U $600 F O $880 F

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