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The actual results for the year are as follows: a. Units produced: 400,000 . b. Materials purchased: 2,800,000 pounds @ $4.60. c. Materials used: 2,360,000

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The actual results for the year are as follows: a. Units produced: 400,000 . b. Materials purchased: 2,800,000 pounds @ $4.60. c. Materials used: 2,360,000 pounds. d. Direct labor: 760,000 hours @ \$11.52. Required: 1. Compute price and usage variances for materials. Enter amounts as positive numbers and select Favorable or Unfavorable

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