The terms "standard quantity allowed" or "standard hours allowed" mean: Select one: O the actual output in units multiplied by the standard output allowed O the actual output in units multiplied by the standard input allowed. O the standard output in units multiplied by the standard input allowed. O the actual input in units multiplied by the standard output allowedThe Porter Company has a standard cost system. In July the company purchased and used 22,500 grams of direct material at an actual cost of $53,000; the materials quantity variance was $1,875 unfavourable; and the standard quantity of materials allowed for July production was 21,750 grams. The materials price variance for July was? Select one: O a. $3,250 U. O b. $2,725 F. O c. $3,250 F O d. $2,725 UUnder a standard cost system, the material price variances are usually the responsibility of the: Select one: O production manager O engineering manager O purchasing manager O sales manager