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Company G has the following standard for direct materials that has been established for a company bases on machine hours Standard quantity per unit of

Company G has the following standard for direct materials that has been established for a company bases on machine hours

Standard quantity per unit of output 2.2 pound

Standard price $2 per pound

Last month:

Actual output 3,000 units

Actual pound used 6,270 pounds

Actual cost of pounds purchased $13,490

Actual number of pounds purchased 7,100 pounds

What is the material quantity variance?

What is the material price varience?

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