The standard cost of Product B manufactured by Kingbird Company includes 3.9 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.45 per unit, and 26,700 units of direct materials are used to produce 6,800 units of Product B (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance $ Materials quantity variance $ (b) Favorable Favorable Unfavorable Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.65 and the quantity purchased and used is 26,800 units Total materials variance $ Materials price variance $ Materials quantity variance Unfavorable Unfavorable Unfavorable