Question 40 of 50 < > View Policies -/8 E! Current Attempt in Progress Pharoah Company purchased (at a cost of $17,810) and used 2,600 pounds of materials during May. Pharoah's standard cost of materials per unit produced is based on 1 pounds per unit at a cost $7.00 per pound. Production in May was 2,550 units. (a) Compute the total, price, and quantity variances for materials. Total Materials Variance $ Materials Price Variance Materials Quantity Variance