25-2 The standard cost of product 777 includes 2.9 units of direct materials at $6.7 per unit. During August, the company bought 28,600 units of materials at $6.90 and used those materials to produce 10,100 units.

Compute the total, price, and quantity variances for materials. Identify if favorable, unfavorable, or neither

Total materials variance $

Materials price variance $

Materials quantity variance $