Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.95 and the quantity purchased and used is 26,500 units Total materials variance $ 4885 Materials price variance Favorable S 1325 Unfavorable Materials quantity variance 6210 Favorable e Textent : Your answer is partially correct The standard cost of Product B manufactured by Pharrell Company includes 2.0 units of direct materials at $6.90 per unit. During June, 27.500 units of direct materials are purchased at a cost of $6.85 per unit, and 27.500 units of direct materials are used to produce 13.700 units of Product B. (a) Compute the total materials variance and the price and quantity variances Total materials variance $ 1655 Materials price variance Favorable Si Materials quantity variance Favorable $ Unfavorable (b) Compute the total materista