The standard cost of product B manufactured by Bonita Company includes 3 units of direct materials at $6.60 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $6.20 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. Calculate the materials variance, and the price and quantity variances. Materials variance $ Favourable Unfavourable Neither favourable nor unfavourable Materials price variance $ Materials quantity variance $ e Textbook and Media Calculate the materials variance, and the price and quantity variances, assuming the purchase price is $6.80 and the quantity purchased and used is 28,000 units. Materials variance $ Materials price variance $ Materials quantity variance $