Waterway Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During...

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Waterway Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During July, the company purchases and uses 2,310 pounds of materials costing $12,243 in making 1,000 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) Total materials variance DA +A Materials price variance Materials quantity variance tA 2600 Unfavorable 3000 i Unfavorable 1200 Unfavorable > > Waterway Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During July, the company purchases and uses 2,310 pounds of materials costing $12,243 in making 1,000 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) Total materials variance DA +A Materials price variance Materials quantity variance tA 2600 Unfavorable 3000 i Unfavorable 1200 Unfavorable > >

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To calculate the total price and quantity materials variances we need to compare the actual material... View the full answer