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The standard cost of Product B manufactured by Swifty Company includes 3.50 units of direct materials at $5.40 per unit. During June, 27,300 units of direct materials are purchased at a cost of $5.15 per unit, and 27,300 units of direct materials are used to produce 7.700 units of Product B. - Your answer is partially correct. Compute the total materials variance and the price and quantity variances. Total materials variance $ 4125 Favorable Materials price variance 6825 Favorable Materials quantity variance $ 1890 Unfavorable e Textbook and Media Your answer is partially correct. Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.50 and the quantity purchased and used is 26,800 units. Total materials variance $ 4125 Unfavorable Materials price variance $ 9380 Unfavorable Is quantity variance $ 772.5 Favorable