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Lily Company's standard materials cost per unit of output is $9.89 (2.30 pounds x $4.30). During July, the company purchases and uses 2,070 pounds

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Lily Company's standard materials cost per unit of output is $9.89 (2.30 pounds x $4.30). During July, the company purchases and uses 2,070 pounds of materials costing $10,971 in making 1,000 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) Total materials variance Materials price variance $ Materials quantity variance $

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