CES Brief Exercise 24-04 Wildhorse Company's standard materials cost per unit of output is $10.25 (2.50 pounds x $4.10). During July, the company purchases and uses 2,400 pounds of materials costing $12,720 in making 1,200 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ 1 Materials price variance $ 2 26 Materials quantity variance SUBMIT ANSWER Question Attempts: 0 of 1 used SAVE FOR LATER