The following standards have been established for a raw material used in the production of product 44: Standard quantity of the material per unit of output. Standard price of the material . 2.6 pounds...

I will post this several times, dont answer it if you already answer it! I will mark down the second SAME answer if ever.

Extracted text: The following standards have been established for a raw material used in the production of product 44: Standard quantity of the material per unit of output. Standard price of the material . 2.6 pounds $14.50 per pound The following data pertain to a recent month's operations: Actual material purchased.. Actual cost of material purchased.. $110,960 Actual material used in production. Actual output. . 7,600 Pounds 7,300 Pounds 2,800 units of product 099 Required: a. What is the materials price variance for the month? b. What is the materials quantity variance for the month?