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MaterialsVarianceAnalysis. DormammuInc. manufacturestheInfinityStone.In producing3,000Stones,Dormammu used 22 grams of Magick each. The price was $10 per ounce of Magick. The standard budgetforthelevelofoutputtheyachieved calledforatotalof30,000 ouncesofMagick, at a

MaterialsVarianceAnalysis.

DormammuInc. manufacturestheInfinityStone.In producing3,000Stones,Dormammu used 22 grams of Magick each. The price was $10 per ounce of Magick. The standard budgetforthelevelofoutputtheyachieved calledforatotalof30,000 ouncesofMagick, at a total price of $210,000.

Required:Computematerialspricevariance,usagevariance,andtotalvariance,labeling each clearly as such. Be sure to label each variance as Favorable or Unfavorable.

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