SAY. Write your answer in the space provided or on a separate se 18) The standards for product K17 call for 5.0 meters of a raw material that Last month, 2,700 meters of the raw material were purchased for $51.435. The month was 460 units of product K17. A total of 2,500 meters of the raw materia produce this output. The direct materials purchases variance is computed when the materials are purchased 10,816 X 212) 2-600 rovided or on a separate sheet of paper. material that costs $19.10 per meter. for $51,435. The actual output of the meters of the raw material were used to - AQ used Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? a (AP-SP) X AQ purch = (19.05-29, 20) x 22005-235E b. (AQ-SQ) x SP = 2500-(5x460) 29,0 = 3820 u used