Q2 The standard cost of Wonder Walkers includes two units of direct materials at $9.00 per unit. During July, the company buys 25,000 units of direct materials at $7and uses those materials to produce 10,000 units. Compute the total, price, and quantity variances for materials.

	A.	The total materials variance is 95,000 favorable variance, the material price variance is 50,000 favorable variance, and the material quantity variance is 45,000 favorable variance.
	B.	The total materials variance is 5,000 favorable variance, the material price variance is 50,000 favorable variance, and the material quantity variance is 45,000 unfavorable variance.
	C.	The total materials variance is 5,000 unfavorable variance, the material price variance is 50,000 unfavorable variance, and the material quantity variance is 45,000 favorable variance.
	D.	The total materials variance is 95,000 unfavorable variance, the material price variance is 50,000 unfavorable variance, and the material quantity variance is 45,000 unfavorable variance.