Question 23 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 50,800 units of direct materials at a cost of $5.80 per unit and used 50,800 units of direct materials to produce 23,400 units of its product. Calculate the total materials variance, and the price and quantity variances. Materials Variance Material Price Variance Materials Quantity Variance