Roger Jewelry produced 1,480 rings during March. The standard cost of each ounce of gold used in a ring is $990 per ounce. The standard quantity of material for each ring is a half ounce of gold per ring. The cost of gold purchased and used in March was $727,200 at $1,010 per ounce. Determine the material price variance and the material quantity variance for March. Indicate whether each variance is favorable or unfavorable. (Enter all variances as a positive number) Material price variance $ Unfavorable Favorable Neither Unfavorable nor Favorable Material quantity variance $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit