Ceelo Company purchased (at a cost of $8,245) and used 1,700 pounds of materials during May. Ceelos standard cost of materials per unit produced is based on 2 pounds per unit at a cost $5.00 per pound. Production in May was 780 units. (a) Compute the total, price, and quantity variances for materials.

Total Materials Variance		$		UnfavorableNeither favorable nor unfavorableFavorable
Materials Price Variance		$		FavorableUnfavorableNeither favorable nor unfavorable
Materials Quantity Varianc