Question 19 Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 51,400 units of direct materials at a cost of $5.80 per unit and used 51,400 units of direct materials to produce 23,600 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Materials Price Variance Materials Quantity Variance