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Bridgeport Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at 56.00 per unit. During lanuary, the company purchared 50.900 units of direct muter als at a cost of 55.80 per unit and used 50,900 units of direct materials to produce 23,900 units of its product. Calculate the total materials variance, and the price and quantity variances