Exercise 11-5 The standard cost of Product B manufactured by Pharrel Company indudes 3.3 units of direct materials at $5.4 per unit. During June, 26,800 units of direct materials are Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.45 and the quantity purch Total materials variance Materials price variance Materials quantity variance s