A Company has a materials price standard of $2.50 per kilogram. Four thousand kilograms

of materials were purchased at $2.40 a kilogram.

The actual quantity of materials used was 3,500 kilograms, although the standard quantity

allowed for the output was 3,400 kilograms.

Required

a. Calculate the Company's materials price variance

b. Calculate the Company's materials quantity variance

c. Calculate the Company's total materials variance