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The following standards have been established for a raw material used to make product 084: Standard quantity of the material per unit of output Standard

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The following standards have been established for a raw material used to make product 084: Standard quantity of the material per unit of output Standard price of the material 7.8 meters $19.00 per meter The following data pertain to a recent month's operations: Actual material purchased Actual cost of material purchased Actual material used in production Actual output 4,100 meters $ 81,590 3,800 meters 570 units of product 084 The direct materials purchases variancets computed when the materials are purchased. Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month? a. Materials price variance b. Materials quantity variance

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