The standard cost of product 777 includes 2.7 units of direct materials at $5.50 per unit. During August, the company bought 29,200 units of materials at $5.55 and used those materials to produce 11,100 units. Compute the total, price, and quantity variances for materials.

Total materials variance		$enter a dollar amount		select an option FavorableUnfavorableNeither favorable nor unfavorable
Materials price variance		$enter a dollar amount		select an option UnfavorableNeither favorable nor unfavorableFavorable
Materials quantity variance		$enter a dollar amount		select an option UnfavorableFavorableNeither favorable nor unfavorable