Materials Variances 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- $0.06 : 57.68 During the rst week of operation, the company experienced the following results: a. Gallon units produced: 21,000. b. Ounces of materials purchased and used: 2,830,000 ounces at $0.055. c. No beginning or ending inventories of raw materials. Req ui red: Note: Enter favorable values as negative numbers. Enter unfavorable values as positive numbers. 1. Compute the materials price variance. x Favorable v v 2. Compute the materials usage variance. X Unfavorable v v' 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $21,000 unfavorable. The company purchased and used 2,100,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer to nearest whole value. :i gallons What was the actual price paid er ounce of materials? Round your answer to the nearest cent