Question # 1

The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $5.5 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.45 per unit, and 27,200 units of direct materials are used to produce 10,400 units of Product B.

(a) Compute the total materials variance and the price and quantity variances.

Question # 2

b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.55 and the quantity purchased and used is 26,900 units.

There are 2 questions for this problem. Please help me with detailed answer. The answers that you post online for the same questions is incorrect. Please remove the incorrect answer to avoid confusion.Thanks