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Sheffield Company's standard materials cost per unit of output is $8.40 (2.00 pounds x $4.20). During July, the company purchases and uses 2,160 pounds
Sheffield Company's standard materials cost per unit of output is $8.40 (2.00 pounds x $4.20). During July, the company purchases and uses 2,160 pounds of materials costing $11,448 in making 1,200 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance $ Materials price variance $ Materials quantity variance $
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