A shipping container refurbishment company measures its outp…

A shipping container refurbishment company measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for OctoberRevenue $ 4,100$ 158,600Employee salaries and wages$ 50,600$ 1,100$ 92,700Refurbishing materials $ 700$ 27,000Other expenses$ 41,200 $ 40,800When the company prepared its planning budget at the beginning of October, it assumed that 40 containers would have been refurbished. However, 38 containers were actually refurbished.The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget would have been closest to:

The following materials standards have been established for…

The following materials standards have been established for a particular product:Standard quantity per unit of output                   5.3    metersStandard price                                                    $17.20   per meterThe following data pertain to operations concerning the product for the last month:Actual materials purchased8,100 metersActual cost of materials purchased$ 141,345Actual materials used in production7,600 metersActual output1,400 unitsWhat is the materials price variance for the month?