Wildhorse Company purchased (at a cost of $14,595) and used 2,100 pounds of materials during May. Wildhorse's standard cost of materials per unit produced is based on 1 pounds per unit at a cost $7.00 per pound. Production in May was 2,050 units. (a) Compute the total, price, and quantity variances for materials. Total Materials Variance Materials Price Variance Materials Quantity Variance +A $ +A A