Use the DM Variance Template: upload the file or copy$/$paste the answer below! The following materials standards have been established for a particular raw material used in the company's sole product:

Standard quantity per unit of output

$1\mathrm{.}2$ pounds

Standard price

$16\mathrm{.}20$ per pound

The following data pertain to operations concerning the product for the last month:

Actual cost of material purchased

$39450$ dollars

Actual materials used in production

$2450$ pounds

Actual output

$2000$ units