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Simba Company’s standard materials cost per unit of output is $9.24 (2.20 pounds x $4.20). During...

Simba Company’s standard materials cost per unit of output is $9.24 (2.20 pounds x $4.20). During July, the company purchases and uses 2,376 pounds of materials costing $12,830 in making 1,200 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 $

FavorableNeither favorable nor unfavorableUnfavorable
Materials price variance $

UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity variance $

UnfavorableFavorableNeither favorable nor unfavorable
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