Compute the total price and quantity materials variances

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Reference no: EM13135832

Neville Company's standard materials cost per unit of output is $10 (2 pounds × $5). During July, the company purchases and uses 3,800 pounds of materials costing $19,570 in making 1,530 units of finished product. Compute the total, price, and quantity materials variances.

Total materials variance...........$ Unfavorable
Materials price variance...........$ Unfavorable
Materials quantity variance........$ Unfavorable

Reference no: EM13135832

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