What are the standard cost for materials

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Problem

The standard materials cost of a product is $40 per unit, based on 10 pounds of raw materials at a standard cost of $4 per pound.  During January 20X9, 1,000 units of product were produced, using 10,200 pounds of raw material at a cost of $4.20 per pound. 

The standard cost for materials for January is:

The total materials variance for the month is:

The materials quantity variance is:

The materials price variance is:

Reference no: EM13342520

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