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The standard cost of product 777 includes 2 units of direct materials at $5.28 per unit. During August, the company bought 25,600 units of

The standard cost of product 777 includes 2 units of direct materials at $5.28 per unit. During August, the company bought 25,600 units of materials at $5.58 and used those materials to produce 14,000 units. Compute the total, price, and quantity variances for materials.

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