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Manzana Company produces apple juice sold in gallons. Recently, the compariy adopted the following materia standard for one gallon of its apple juice: Direct materials
Manzana Company produces apple juice sold in gallons. Recently, the compariy adopted the following materia standard for one gallon of its apple juice: Direct materials 128 oz. ( $0.03=$3.84 During the first week of operation, the company experienced the following results: a. Gallon units produced: 22,000 . b. Ounces of materials purchased and used: 2,770,000 ounces at $0,060. 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. 2. Compute the materials usage variance. X 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $22,000 unfavorable. The company purchased and used 2,270,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer to nearest whole value. x gallons What was the actual price paid per ounce of materials? Round your answer to the nearest cent. X per ounce
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