Question: Your answer is partially correct. Simba Company's standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases

Your answer is partially correct. Simba Company's standard materials cost per

Your answer is partially correct. Simba Company's standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases and uses 2,783 pounds of materials costing $14,750 in making 1,100 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to 0 decimal places, eg. 52,) 1138.5 Favorable Total materials variance Materials price variance Materials quantity variance 2226.4 Unfavorable $ 3365 Unfavorable

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