Materials Variances-Missing Information. In May, Liu Equipment Company, of Shanghai, China, purchased 50,000 parts at the total cost (in yuan) of Y600,000. During the month, 46,000 parts having a standard unit cust of Y11 were used in production. The materials usage variance for the month was unfavorable by Y33,000. According to the standards, 5 parts should be used for each unit of product.

Required:

1. Calculate the materials price variance.

2. How many units of product were made?

3. How many units of parts should have been used in production?

4. How many dollars should be charged to Work in Process for materials requisitioned?