Current Attempt in Progress During March, Monty, Inc. purchases and uses 9,800 pounds of materials costing $39,690 to make 4,500 tiles: Monty's standard material cost per tile is $8.00 (2 pounds of material x $4.00). Compute the total, price, and quantity material variances for Monty, Inc. for March. Identify whether each variance is favorable or unfavorable. Total Materials Variance Materials Price Variance $ Materials Quantity Variance $