Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 287,500 strips at $4.50 per strip. There were n beginning or ending inventories of leather. Actual direct labor was 79,400 hours at $17.00 per hour. Required: 1. Break down the total variance for labor into a rate variance and an efficiency variance using the columnar and formula approaches. Jugo Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice: Direct materials 128 oz. @ $0.06=$7.68 During the first week of operation, the company experienced the following results: a. Gallon units produced: 21,000 . b. Ounces of materials purchased and used: 2,850,000 ounces at $0.045. c. No beginning or ending inventories of raw materials. Required: Note: Enter favorable values as negative numbers. Enter unfavorable values as positive numbers. 1. Compute the materials price variance. 2. Compute the materials usage variance. 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $21,000 unfavorable. The company purchased and used 2,240,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer to nearest whole value. gallons What was the actual price paid per ounce of materials? Round your answer to the nearest cent. $ per ounce