Question: Materials Variance. The following materials standards have been established for a particular product: Standard quantity per unit of output 5.1 grams Standard price 11.95 per

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

Standard quantity per unit of output 5.1 grams
Standard price 11.95 per gram

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

Actual materials purchased 6,800 grams
Actual cost of materials purchased 86,360
Actual materials used in production 6,300 grams
Actual output 1,000 units

The materials PRICE variance for the month is ______________ .

The materials spending variance for the month is ______________ .

The standard amount of raw materials allowed to produce the actual output is ______________ .

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