Moore industries manufactures a product called Cleano. The company uses a standard cost system and has established the following standards for one unit of Cleano: During March, the company recorded this activity relative to production of Cleano. (a) The company produced 18,000 units during March. (b) Purchased 72, 200 feet of material at a cost of $ 4.20 per foot. (c) Used 71,000 feet of material in production. (d) Worked 71,000 feet of material in production. (e) Incurred a total variable manufacturing overhead cost of $90,000 for the month. (i) Calculate the materials price variance. Calculate the materials quantity variance. Prepare journal entries to record material price and material quantity variances