Question: .4 The following materials standards have been established for a particular product: Standard quantity per unit of output 8.3 grams Standard price $19.15 per gram

.4 The following materials standards have been established for a particular product:

Standard quantity per unit of output

8.3 grams

Standard price

$19.15 per gram

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

Actual materials purchased

7,500 grams

Actual cost of materials purchased

$141,375

Actual materials used in production

7,100 grams

Actual output

700 units

a) What were the materials variances for the month? Clearly indicate whether they were Favourable(F), or Unfavourable (U)

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