27 A company had a contribution margin of $1,100,000, a unit contribution margin of $140, and a contribution margin ratio of 40%. Calculate the total variable cost. (Answer should be rounded to the nearest dollar, i.e. 5,250.66 would be entered as 5,251) QUESTION 29 Edgar, Inc. has a materials price standard of $1.92 per pound. eight thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6,000 pounds, although the standard quantity allowed for the output was 5,400 pounds. Calculate the materials price variance