Question 5 (2 points) The following materials standards have been established for a particular product: 3 Standard quantity per unit of output 4.4pounds Standard price $ 13.20per pound The following data pertain to operations concerning the product for the last month: 8 Actual materials purchased 4,800pounds Actual cost of materials purchased $62,880 Actual materials used in production 4,300pounds Actual output 700units The direct materials purchases variance is computed when the materials are purchased What is the materials price variance for the month? 13 A) $430 F B) $480 U C) $480 F OD) $430 V