The standard cost of product 777 includes 2 units of direct materials at $5.76 per unit. During August, the company bought 28,000 units of materials at $6.06 and used those materials to produce 15,200 units. Compute the total, price, and quantity variances for materials. Total materials variance $ Materials price variance $ Materials quantity variance $ Unfavorable Neither favorable nor unfavorable Favorable e Teythank and Martin