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$.$ @ $$0\mathrm{.}03=$ $$3\mathrm{.}84$

During the first week of operation, the company experienced the following results:

Gallon units produced: $25,000.$

Ounces of materials purchased and used: $2,860,000$ ounces at $$0\mathrm{.}060.$

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.

$fill in the blank $1$

$2.$ Compute the materials usage variance.

$fill in the blank $3$

$3.$ During the second week, the materials usage variance was $$4,000$ unfavorable and the materials price variance was $$25,000$ unfavorable. The company purchased and used $2,450,000$ ounces of material during this week. How many gallons of juice were produced? If required, round your answer to nearest whole value.

fill in the blank $5$

gallons

What was the actual price paid per ounce of materials? Round your answer to the nearest cent.

$fill in the blank $6$

per ounce