Torres Company produces fruit juices, sold in litres. Recently, the company adopted the following material standard for one litre OF its apple juice: Direct materials (128 grams @ $0.05) $6.40 During the first week of operation, the company experienced the following results: a. Litre units produced: 20,000 b. Grams of materials purchased and used: 2.600,000 grams at $0.06 c. No beginning Of ending inventories of raw materials This variance is (F/U) Total Material Variance is $ Total Material Price Variance is $ Total Usage Variance is $ This variance is (F/U) This variance is (F/U)