Materials Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple uice: Direct materials 128 oz.$0.03-$3.84 During the first week of operation, the company experienced the following results a. Gallon units produced: 24,000. b. Ounces of materials purchased and used: 2,690,000 ounces at $0.055 No beginning or ending inventories of raw materials. Required: If required, enter favorable values as negative numbers 1. Compute the materials price variance. c. 2. Compute the materials usage variance. 3. During the second week, the materials usage varia company purchased and used 2,285,000 ounces of material during this week. How many gallons of julce answer to nearest whole value. nce was 14,000 untavorable and the materia Is price variance was $24,000 unfavorable. The were produced? If required, round your gallons What was the actual price paid per ounce of materials? Round your answer to the nearest cent