Do It! Review 23-2 The standard cost of product 777 includes 2.4 units of direct materials at $5.2 per unit. During August, the company bought 28,400 units of materials at $5.45 and used those materials to produce 12,100 units. Compute the total, price, and quantity variances for materials. Total materiais variance Materials price variance Materials quantity variance Click if you would like to show Work for this question: Open Show Work