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Head Stone produces granite grave stones. These monuments are etched with the name of the deceased and other information. Each monument typically requires 3 0

Head Stone produces granite grave stones. These monuments are etched with the name of the deceased and other information. Each monument typically requires 300 pounds of granite. The standard cost for granite is estimated at $150 per ton (2,000 pounds). During a recent month, 200 monuments were constructed. The company purchased and used 25 tons of material at a cost of $175 per ton.
Compute the total variance for materials, and determine how much is related to price and how much is related to quantity.

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