Materials Variances. Standard materials costs and usage for Kelly Company are $2.00 per gallon and three gallons
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Materials Variances. Standard materials costs and usage for Kelly Company are $2.00 per gallon and three gallons per finished unit. In a recent month, the company purchased and used 14.8001 gallons at a cost of $2.10 per gallon to produce 5,000 finished units. Determine the following variances:
a. Materials price.
b. Materials usage.
c. Total materials.
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