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Jugo Company produces apple juice sold in galions, Recently, the company adopted the following materiai standard for one gallon of its apple juice: Direct materials

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Jugo Company produces apple juice sold in galions, Recently, the company adopted the following materiai standard for one gallon of its apple juice: Direct materials 128 oz, (1) $0.06=$77.68 During the first week of operation, the company experienced the following results: a. Gallion units produced: 24,000 . b. Ounces of raterials purchased and used: 2,780,000 ounces at $0.040. 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. 1 2. Compute the materials usage variance. 3 3: During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $24,000 unfavorable, The company purc used 2,000,000 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 nctiot prec paid per ounce of materials? Round your answer to the nearest cent: per-ounce

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