The standard cost of product $999$ includes $2$ units of direct materials at $$5\mathrm{.}60$ per unit. During August, the company bought $27,000$ 

 

 units of materials at $$5\mathrm{.}80$ and used those materials to produce $14,000$ units. Calculate the total, price, and quantity variances for 

 

 materials. $($Round per unit calculations to $2$ decimal places, e$.$g$.1\mathrm{.}25$ and final answers to O decimal places, e$.$g$.125.)$ 

 

 

Total material variance

 

 

Materials price variance

  

 

Materials quantity variance

 

 

 

Answer rating: 100% (QA)

To calculate the total material variance materials price variance and materials quantity variance we ... View the full answer