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Amazing Manipulation Manulacturing's (AMM) slandards anticipate that there will be 4 pounds of raw material...

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Accounting

Amazing Manipulation Manulacturing's (AMM) slandards anticipate that there will be 4 pounds of raw material used for every unit of finished goods produced AMM began the month of May with 3,000 pounds of raw material, purchased 21,900 pounds for $30,660 and ended the month with 2,100 pounds on hand. The company produced 5,400 units of finished goods. The company estimates standard costs at $1.80 per pound. The materials price and elficiency variances for the month of May were as follows:
\table[[1. Price Variance,Efficiency Variance],[$9,120F,$2,160U
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