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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