The standard cost of Wonder Walkers includes two units of direct materials at $8.00 per unit. During July, the company buys 22,000 units of direct materials at $7.50 and uses those materials to produce 10,000 units. Compute the total, price, and quantity variances for materials. Standard quantity Sure Substituting amounts into the formulas, the variances are: Total materials variance = Materials price variance = Materials quantity variance = unfavorable