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

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Jugo Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple juice:
Direct materials 128oz. @ $0.03=$3.84
During the first week of operation, the company experienced the following results:
a. Gallon units produced: 24,000.
b. Ounces of materials purchased and used: 2,810,000 ounces at $0.045.
c. No beginning or ending inventories of raw materials.
Required:
Note: Enter favorable values as negative numbers. Enter unfavorable values as positive numbers.
Compute the materials price variance.
x Unfavorable vv
Compute the materials usage variance.
x Favorable v
x gallons
What was the actual price paid per ounce of materials? Round your answer to the nearest cent.
per ounce
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