Grant Company's standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00 per pound). During July, the company purchases and uses 2,420 pounds of materials costing $12,826 in making 1,100 units of finished product. Compute the total material variance. $1,826 favorable $726 unfavorable 0 0 0 0 $2,926 unfavorable $1,826 unfavorable