Exercise 15-13 Novak Company purchased (at a cost of $14,595) and used 2,100 pounds of materials during May. Novak's standard cost of materials per unit produced is based on 1 pounds per unit at a cost $7.00 per pound. Production in May was 2,050 units Compute the total, price, and quantity variances for materials. Total Materials Variance Materials Price Variance Materials Quantity Variance Click if you would like to Show Work for this