The standard cost of product 777 includes 2 units of direct materials at $6.00 per unit. During

Question:

The standard cost of product 777 includes 2 units of direct materials at $6.00 per unit. During August, the company bought 29,000 units of materials at $6.30 and used those materials to produce 16,000 units. Compute the total, price, and quantity variances for materials.