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 128 oz. @ $0.04 = $5.12

During the first week of operation, the company experienced the following results:

1. Gallon units produced: 20,000.
2. Ounces of materials purchased and used: 2,650,000 ounces at $0.035.
3. 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. fill in the blank 1 of 1$

FavorableUnfavorableFavorable

2. Compute the materials usage variance. fill in the blank 1 of 1$

FavorableUnfavorableUnfavorable

3. During the second week, the materials usage variance was $3,200 unfavorable and the materials price variance was $10,000 unfavorable. The company purchased and used 2,000,000 ounces of material during this week. How many gallons of juice were produced? fill in the blank 1 of 1 gallons

What was the actual price paid per ounce of materials? Round your answer to the nearest cent. fill in the blank 1 of 1$ per ounce