Do It! Review 23-2 Your answer is partially correct. Try again. The standard cost of product 777 includes 2.2 units of direct materials at $6.0 per unit. During August, the company bought 28,000 units of materials at $6.05 and used those materials to produce 13,000 units. Compute the total, price, and quantity variances for materials. Total materials variance 1400 Unfavorable Materials price variance 3600 Favorable Materials quantity variance 2200 Favorable