14. DMS, Inc. produces a product that requires twelve yards of fabric per unit. The standard price is $2.50. If 25,000 units required 290,000 yards, which were purchased at $2.75 per yard, what is the direct materials (a) price variance, (b) quantity variance (c) total cost variance? Make sure you identify whether the variance s favorable or unfavorable. Prepare the journal entries for this standard cost system