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Simba Company’s standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During...

Simba Company’s standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases and uses 3,105 pounds of materials costing $16,767 in making 1,500 units of finished product.

Compute the total, price, and quantity materials variances.

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