8-24A Determining materials price and usage variances roblem mbou Fruit Drink Company planned to make 200,000 containers of apple juice. It expected to o cups of frozen apple concentrate to make each container of juice, thas using 400,000 cups frozen concentrate. The standard price of one cup of appie concentrate is $1.20. Caribou actually s of apple juice. quired id $499,100 to purchase 402.500 cups of concentrate, which was used io e 402,500 cups of concentrate, which was used to make 201,000 contain- Are flexible budget materials variances based on the planned volume of acivity (200.000 contain- ers) or actual volume of activity (201,000 containers)? Compute the actual price per cup of concentrate. Compute the standard quantity (number of cups of concentrate) required to produce the containers. apter 8 d. Compute the materials price vari e. Compute the materials usage variance and indicate whether it is favorable (orunfve te the materials price variance and indicate whether it is favorable (