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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:
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 oz @ $$
During the first week of operation, the company experienced the following results:
a Gallon units produced:
b Ounces of materials purchased and used: ounces at $
c No beginning or ending inventories of raw materials.
Required:
Note: Enter favorable values as negative numbers. Enter unfavorable values as positive numbers.
Compute the materials price variance.
$
Compute the materials usage variance.
$
Favorable
During the second week, the materials usage variance was $ unfavorable and the materials price variance was $ unfavorable. The company pur and used 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.
$
per ounce
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