The standard cost of product B manufactured by Kingbird Company includes 3 units of direct materials at $5.65 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $5.31 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. Materials variance $ 7035 i Favourable Materials price variance $ 9860 Favourable Materials quantity variance $ 2825 i Unfavourable eTextbook and Media (b) Calculate the materials variance, and the price and quantity variances, assuming the purchase price is $5.82 and the quantity purchased and used is 28,000 units. Materials variance $ Materials price variance $ Materials quantity variance $ eTextbook and Media Unfavourable Neither favourable nor unfavourable Favourable