62. Joyce and Kenny Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of P6.00 per gram. In January the company produced 3,400 units using 24,870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at P6.10 per gram. The direct materials purchases variance is computed when the materials are purchased. Compute the materials quantity variance for January. Show the solution of your answer.* 15180 unfavorable 63. Junichi Jon and Claire Corporation makes a product that uses a material with the quantity standard of 7.3 grams per unit of output and the price standard of P6.00 per gram. In January the company produced 3,400 units using 24.870 grams of the direct material. During the month the company purchased 27,400 grams of the direct material at P6.10 per gram. The direct materials purchases variance is computed when the materials are purchased. Compute the materials price variance for January. Show the solution of your answer. 2740 unfavorable