Starts Inc. produces a product for which the standard specifies 4 yards of material per unit. The standard price of one yard of material is $22.60. During the month, 7,700 products were manufactured, using 32,000 yards at a cost of $21.50. Determine the (a) direct materials price variance, (b) direct materials quantity variance, and (c) total direct materials cost variance: (d) perform the journal entries to record the variances