The standard cost of Product B manufactured by Crane Company includes 3 units of direct materials at $3.00 per unit. During June, 23,200 units of direct materials are purchased at a cost of $2.70 per unit, and 23,200 units of direct materials are used to produce 7,520 units of Product B. (a) Compute the total materials variance and the price and quantity variances.

Total materials variance		$enter total materials variance in dollars		select an option FavorableUnfavorableNeither favorable nor unfavorable
Materials price variance		$enter Materials price variance in dollars		select an option Neither favorable nor unfavorableFavorableUnfavorable
Materials quantity variance		$enter Materials quantity variance in dollars		select an option FavorableNeither favorable nor unfavorableUnfavorable