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Please answer Q2 and Q3 and show your work please. Standard Price is 128oz @ .06 cents per ounce or $7.68 gallon During the first
Please answer Q2 and Q3 and show your work please.
Standard Price is 128oz @ .06 cents per ounce or $7.68 gallon
During the first week of operation, the company experienced the following results: a. Gallon units produced: 21,000 . b. Ounces of materials purchased and used: 2,850,000 ounces at $0.045. c. 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. 2. Compute the materials usage variance. 5 3. During the second week, the materials usage variance was $4,000 unfavorable and the materials price variance was $21,000 unfavorable. The company purchased and used 2,240,000 ounces of material during this week. How many gallons of juice were produced? If required, round your answer to nearest whole value. x gallons What was the actual price paid per ounce of materials? Round your answer to the nearest cent. per ounceStep by Step Solution
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