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The standard cost of Product B manufactured by Blossom Company includes 2.0 units of direct materials at 55.00 per unit. During June, 26.500 units ol direct materiats are purchased at a cost of $4.95 per unit, and 26.500 units of derect materials are used to produce 13,200 units of Product B. (2) Compute the total materials variance and the price and quantity varianoes. (b) Compute the total materials yariance and the peice and quantity variances, aswaming the purchave price is 55.05 and the quantity purchased and uned is 26,500 units Total materials variance Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.05 and the quantity purchased and used is 26,500 units