Hospital supply variances (Appendix 11.1). Assume Jackson Community Hospital had the following supplies costs for two products used in its operating room. Standard costs for one surgery: Item X. 5 pieces at S50 each: Item Y. 10 pieces at S75 each. During August the following data apply to the hospital:

Compute materials price and efficiency variances.

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Surgeries Performed.. Supplies Purchased and Used: Item X Item Y 1,500 11.000 Pieces at $45 20.000 Pieces at $76