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Bonita Company accumulated the following standard cost data concerning product I - Tal.The standard cost of product 7 7 7 includes 2 . 7 units

Bonita Company accumulated the following standard cost data concerning product I-Tal.The standard cost of product 777 includes 2.7 units of direct materials at $5.80 per unit. During August, the company
bought 28,500 units of materials at $5.90 and used those materials to produce 10,800 units.
Compute the total, price, and quantity variances for materials.
Total materials variance
Materials price variance
$
Materials quantity variance
$
Direct materials per unit: 2.1 pounds at $4.70 per pound
Direct labor per unit: 1.5 hours at $14.00 per hour
Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $21.00 per direct labor hou
Compute the standard cost of one unit of product I-Tal. (Round answer to 2 decimal places, e.g.2.75.)
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