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Materials Variances Manzana Company produces apple juice sold in gallons. Recently, the company adopted the following material standard for one gallon of its apple

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Materials Variances Manzana 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. @ $0.03-$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: 2,820,000 ounces at $0.045. 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. X Unfavorable 2. Compute the materials usage variance. X Unfavorable 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 2,030,000 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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