The standard cost of product B manufactured by Blue Spruce Company includes 3 units of direct materials at $5.25 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $4.94 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. (a) Your answer is correct. Calculate the materials variance, and the price and quantity variances. (b) Favourable 8990 i Favourable Unfavourable Materials variance 6365 Materials price variance Materials quantity variance 2625 eTextbook and Media Attempts: 1 of 2 used Calculate the materials variance, and the price and quantity variances, assuming the purchase price is $5.41 and the quantity purchased and used is 28,000 units. Materials variance Materials price variance Materials quantity variance 6365