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Current Attempt in Progress Oriole Company's standard materials cost per unit of output is $10.40 (2.00 pounds x $5.20). During July, the company purchases
Current Attempt in Progress Oriole Company's standard materials cost per unit of output is $10.40 (2.00 pounds x $5.20). During July, the company purchases and uses 3,150 pounds of materials costing $17,955 in making 1,560 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to O decimal places, eg 52) Total materials variance $ Materials price variance $ Materials quantity variance
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