The standard cost of product 777 includes 2.5 units of direct materials at $5.7 per unit. During August, the company bought 28,300 units of materials at $5.95 and used those materials to produce 11,700 units. Compute the total, price, and quantity variances for materials.

The standard cost of product 777 includes 2.5 units of direct materials at $5.7 per unit. During August, the company bought 28,300 units of materials at $5.95 and used those materials to produce 11,700 units. Compute the total, price, and quantity variances for materials Total materials variance Materials price variance Materials quan variance