Exercise 11-13

Ceelo Company purchased (at a cost of $15,480) and used 2,400 pounds of materials during May. Ceelos standard cost of materials per unit produced is based on 2 pounds per unit at a cost $6.50 per pound. Production in May was 1,150 units. (a) Compute the total, price, and quantity variances for materials. (Round answers to 0 decimal places, e.g. 125.)