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Simba Companys standard materials cost per unit of output is $10.12 (2.30 pounds x $4.40). During July, the company purchases and uses 2,898 pounds of
Simba Companys standard materials cost per unit of output is $10.12 (2.30 pounds x $4.40). During July, the company purchases and uses 2,898 pounds of materials costing $15,359 in making 1,400 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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