1.The standard cost of Product B manufactured by Pharrell Company includes3.7units of direct materials at $6.2per unit. During June,27,100units of direct materials are purchased at a cost of $6.10per unit, and27,100units of direct materials are used to produce7,200units of Product B.

Compute the total materials variance and the price and quantity variances . Total materials variance* Unfavorable* V Materials price variance $ Favorable Materials quantity variance* $ Unfavorable* ( b ) Compute the total materials variance and the price and quantity variances , assuming the purchase price is $6 .30 and the quantity purchased and used is 27 , 000 units . $ Total materials variance Unfavorable* Materials price variance $ Unfavorable* Materials quantity variance* $ Unfavorable*( 2 ) Compute the total labor variance . Total labor variance* $ Unfavorable* ( b ) Compute the labor price and quantity variances Labor price variance Unfavorable* V Labor quantity variance* $ Unfavorable* ( C ) Compute the labor price and quantity variances , assuming the standard is 3. 9 hours of direct labor at $13.50 per hour . Labor price variance Favorable Labor quantity variance $ FavorableCompute the predetermined variable overhead rate and the predetermined fixed overhead rate . ( Round answers to 2 decimal places , e.8. 2.75. ) Variable Fixed Predetermined Overhead Rate*$ 2.00 $ 4.50 @ Textbook and Media $ Your answer is incorrect Compute the applied overhead for Byrd for the year .* Overhead Applied$ @ Textbook and Media `Your answer is partially correct . Compute the total overhead variance* Total Overhead Variance { Unfavorable*