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The standard cost of product 7 7 7 includes 2 . 5 units of direct materials at $ 5 . 3 0 per unit. During

The standard cost of product 777 includes 2.5 units of direct materials at $5.30 per unit. During August, the company bought 28,500 units of materials at $5.45 and used those materials to produce 11,700 units.
Compute the total, price, and quantity variances for materials.
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