Exercise 23-5 The standard cost of Product B manufactured by Pharrell Company includes 3.0 units of direct materials at $6.8 per unit. During June, 27,500 units of direct materials are purchased at a cost of $6.60 per unit, and 27,500 units of direct materials are used to produce 9,100 units of Product B Compute the total materials variance and the price and quantity variances Total materials variance Materials price variance Materials quantity variances Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.90 and the quantity purchased and used is 26,500 units. Materials price variance Materials quantity variance s Click if you would like to Show Work for this question: Open Show Work