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Sheridan Company's standard materials cost per unit of output is $11.40 (2.00 pounds x $5.70). During July, the company purchases and uses 3,400 pounds
Sheridan Company's standard materials cost per unit of output is $11.40 (2.00 pounds x $5.70). During July, the company purchases and uses 3,400 pounds of materials costing $19,720 in making 1,650 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 O decimal places, e.g. 52.) Total materials variance Materials price variance Materials quantity variance $
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