Question 4 (Points possible: 0.4 pts * 5 +0.5 pts * 1 = 2.5) Thompson Medical manufactures medical equipment. Standard and actual data regarding one of the company's products are provided below. Standard quantity of materials. Standard price.. Actual production Actual materials used. Actual total costs incurred.. 5.00 feet per product $13.00 per foot 300 products 1,480 feet $19.150 Compute the price, quantity, and total materials variances. Materials price variance.. (1) Materials quantity variance... DUDE * Total materials variance