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Oriole Company's standard materials cost per unit of output is $10.40 (2.00 pounds x $5.20). During July, the company purchases and uses 3,150 pounds of

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Oriole Company's standard materials cost per unit of output is $10.40 (2.00 pounds x $5.20). During July, the company purchases and uses 3,150 pounds of materials costing $17,955 in making 1,560 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, e.g. 52.) Total materials variance $ Materials price variance $ Materials quantity variance $ Unfavorable Favorable Neither favorable nor unfavorable e Textbook and Media

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