Sheridan Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5.00 per kilogram) Direct labour (2 hours at $11 per hour) Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Actual costs for producing 2,650 units were as follows: Direct materials used Direct materials purchased (6,400 kg) Direct labour (6,800 hours) Variable manufacturing costs Fixed manufacturing costs (a) Materials price variance $ 5,500 kg Touth $31,360 $61,200 $32,000 $17,000 $10.00 22.00 10.00 6.00 Calculate the materials price variance for materials purchased. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 125.) $48.00

Sheridan Company budseted the foliowing cout standards for the current vear: Actual costs for producing 2,650 units were as followi: (a) Calculate the inaterials poice variance for materials purchased. Thound per init calculabons to 2 decinal placec, e. 1.25 and final answers to 0 decind places, es 1251