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Brief Exercise 11-4 Simba Company's standard materials cost per unit of output is $11.75 (2.50 pounds x $4.70). During July, the company purchases and uses

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Brief Exercise 11-4 Simba Company's standard materials cost per unit of output is $11.75 (2.50 pounds x $4.70). During July, the company purchases and uses 3,300 pounds of materials costing $17,490 in making 1,200 units of finished product Compute the total, price, and quantity materiais variances (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to o decimal places, e.g. 52.) Total materials variance -3390 Unfavorable Materials price variance 1980 Unfavorable Materials quantity variance 3102 Favorable

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