1. The following materials standards have been established for a particular product: 5.0 meters $17.30 per

meter The following data pertain to operations concerning the product for the last month: meters Standard quantity per unit of output Standard price Actual materials purchased and used Actual cost of materials purchased Actual output 7,600 $133,760 1,410 units

1. The following materials standards have been established for a particular product: The following data pertain to operations concerning the product for the last month