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1 9 % v 2 . cengagenow.com 1 Materials Variances Torres Company produces fruit juices, sold in litres. Recently, the company adopted the following material
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Materials Variances
Torres Company produces fruit juices, sold in litres. Recently, the company adopted the following material standard for one litre of its fruit juice:
Direct materials grams @ $ $
During the first week of operation, the company experienced the following results:
a Litre units produced:
b Grams of materials purchased and used: grams at $
c No beginning or ending inventories of raw materials.
Required:
If required, round your answers to the nearest dollar.
Compute the materials price variance.
$
Compute the materials usage variance.
$
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