Computing materials variances A-List Calendar Company specializes in manufacturing calendars that depict famous professional athletes. The company uses a standard cost system to control its costs. During one month of operations, the direct materials costs and the quantities of paper used showed the following:

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$0.175 per page 170,000 pages 200,000 pages 185,000 pages $0.17 per page Actual purchase price. Standard quantity allowed production Actual quantity purchased during month Actual quantity used during month Standard price per page Calculate the following variances: 1. total cost of purchases for the month; 2. materials price variance (determined at time of purchase); 3. materials quantity variance; 4. net materials variance.