Monument Golf Markers produces granite tee box signs. These monuments are etched with an image of the golf hole, distance to green, and other information. Each monument typically requires 1,200 pounds of granite. The standard cost for granite is estimated at $260 per ton (2,000 pounds). During a recent month, 600 monuments were constructed. The company purchased and used 350 tons of material at a cost of $275 per ton.

Complete the spreadsheet and compute the total variance for materials, and determine how much is related to price and how much is related to quantity.

Materials variances:
Actual Material Cost
Actual quantity (tons)	-
Actual price	$ -
Actual cost of direct materials	$ -
Standard Material Cost
Output - number of monuments	-
Standard quantity of input per monument (60% of a ton)	-
Standard quantity of input to achieve output (tons)	-
Standard price per unit of input	$ -
Standard cost of direct materials	$ -
Total materials variance (standard cost v. actual cost)	$ -
Materials price variance:
Standard price	$ -
Actual price	-
	$ -
Actual quantity	-
Materials price variance	$ -
Materials quantity variance:
Standard quantity	-
Actual quantity	-
	-
Standard price	$ -
Materials quantity variance	$ -