Wales Company purchased (at a cost of $16,089) and used 3,100 pounds of materials during May. Wales's standard cost of materials per unit produced is based on 2.50 pounds per unit at a cost $5.30 per pound. Production in May was 1,180 units.
Compute the total, price, and quantity variances for materials.
| Total Materials Variance |
|
$ |
|
|
| Materials Price Variance |
|
$ |
|
|
| Materials Quantity Variance |
|
$ |
|
|