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Ceelo Company purchased (at a cost of $14,960 ) and used 2,200 pounds of materials...

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Accounting

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Ceelo Company purchased (at a cost of $14,960 ) and used 2,200 pounds of materials during May. Ceelo's standard cost of materials per unit produced is based on 2 pounds per unit at a cost $7.00 per pound. Production in May was 1.020 units. (a) Compute the total, price, and quantity variances for materials. (Round answers to 0 decimal places, eg. 125.)

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