Calculate the total materials variance, and the price and quantity variances

Question 23 Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,900 units of direct materials at a cost of $5.80 per unit and used 50,900 units of direct materials to produce 23,500 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance $ [V Neither favourable nor unfavourable Favourable Unfavourable Materials Price Variance Materials Quantity Variance $ LINK TO TEXT