The standard cost of Product B manufactored by Pharell company includes 2.0 units of direct materials at $6.9 per unit. During june 27,500 units of direct materials are purchased at a cost of $6.85 per unit, 27500 units of direct materials are used to produce 13700 units of product B. Total materials variance $_________ Favorable Materials price variance $________ Favorable Materials Quanitity variance $___________ Unfavorable Compute the total materials variance and the price and quantities variances, assuming the purchase is $6.95 and the quantity pruchased and and used is 26500 units. Total materials variance$ _________ Favorable Materials price variance $ _________ Unfavorable Materials quanitity variance $_________ Favorable