The following direct materials data pertain to the operations of Upton Co. for the month of December:
Standard materials price		Actual quantity of materials purchased and used
$5.00 per pound		16,500 pounds
The standard cost card shows that a finished product contains 4 pounds of materials. The 16,500 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,000 units of finished product were manufactured.
Instructions
Prepare a matrix for materials and calculate the materials variances.
	Price Variance		Quantity Variance
		Total Variance