Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its madetoorder sunglasses. The standards call for ounces of material for each pair of lenses. The standard cost per ounce of material is During July, the Santa Clara location produced pairs of sunglasses and used ounces of materials. The cost of the materials during July was per ounce, and there were no beginning or ending inventories. Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its madetoorder sunglasses. The standards call for ounces of material for each pair of lenses. The standard cost per ounce of material is $ During July, the Santa Clara location produced pairs of sunglasses and used ounces of materials. The cost of the materials during July was $ per ounce, and there were no beginning or ending inventories. Required a Determine the flexible budget materials cost for the completion of the pairs of glasses. $ b Determine the actual materials cost incurred for the completion of the pairs of glasses and compute the total materials variance. $ actual materials cost $ x total materials variance c How much of the total variance was related to the price paid to purchase the materials? $ d How much of the difference between the answers to requirements a and b was related to the quantity of materials used?