Materials Variances Dark Wind manufactures decorative weather vanes that have a standard materials cost of two pounds of raw materials at $2.50 per pound. During September 9,500 pounds of raw materials costing $3.25 per pound were used in making 4,700 weather vanes. Determine the materials price and quantity variance.

Materials price variance $:Answer Answer:F or U Materials quantity variance $:Answer Answer:F or U