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Reindeer Coffee Roasters' standard raw materials cost per cup of coffee is $0.32 (0.2 lbs of coffee beans $1.60 per lb). During November, the company
Reindeer Coffee Roasters' standard raw materials cost per cup of coffee is $0.32 (0.2 lbs of coffee beans $1.60 per lb). During November, the company purchased and used 12,000 pounds of coffee beans costing $18,600 to make 61,000 cups of coffee. Compute the following (Enter all answers as whole numbers with no decimals or dollar signs. If the variance is favorable, enter your answer as a POSITIVE number, if the variance is unfavorable, enter your answer as a NEGATIVE number by placing a minus sign(-) directly in front of your answer with no spaces between the. and the amount.): Total materials variance: $ Materials price variance: $ Materials quantity variance: $
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