Question 9 of 9 0.5 / 1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. The standard cost of product 777 includes 2 units of direct materials at $6.96 per unit. During August, the company bought 34,000 units of materials at $7.26 and used those materials to produce 18,200 units. Compute the total, price, and quantity variances for materials. Total materials variance $ -6504 Favorable Materials price variance $ Unfavorable Materials quantity variance $ Favorable e Textbook and Media Save for Later Attempts: 2 of 3 used Submit