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The standard cost of product 999 includes 2 units of direct materials at $5.70 per unit. During August, the company bought 27,600 units of materials

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The standard cost of product 999 includes 2 units of direct materials at $5.70 per unit. During August, the company bought 27,600 units of materials at $5.90 and used those materials to produce 14,300 units. Calculate the total, price, and quantity variances for mate rials. (Round per unit calculations to 2 decimal places. 33. 1.25 and nal answers to 0 decimal places, 3.3. 125.) Total material variance $ v Materials price variance $ v Materials quantity variance 55 Favourable Unfavourable Neither favourable nor unfavourable

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