AceAce Manipulation Manufacturing's (AMM) standards anticipate that there will be 22 pounds of raw material used for every unit of finished goods produced. AMM began the month of MayMay with 7 comma 5007,500 pounds of raw material, purchased 10 comma 90010,900 pounds for $ 16 comma 350$16,350 and ended the month with 6 comma 3006,300 pounds on hand. The company produced 5 comma 2005,200 units of finished goods. The company estimates standard costs at $ 1.80$1.80 per pound. The materials price and efficiency variances for the month of MayMay were: Price Variance Efficiency Variance 1. $ 3 comma 270$3,270 U $ 3 comma 060$3,060 F 2. $ 3 comma 630$3,630 F $ 3 comma 060$3,060 U 3. $ 3 comma 270$3,270 F $0 4. $ 3 comma 270$3,270 F $ 3 comma 060$3,060 U