The standard cost of product B manufactured by Pharoah Company includes $3$ units of direct materials at $$5\mathrm{.}40$ per unit. During June,

the company purchases $29,000$ units of direct materials at a cost of $$5\mathrm{.}08$ per unit and uses $29,000$ units of direct materials to produce

$9,500$ units of product B$.$ Calculate the total material variance,Material Price variance & material quantity variance and determine whether each are favourable or unfavorable or neither favourable nor unfavorable. B$)$ Calculate the materials variance, and the price and quantity variances, assuming the purchase price is $$5\mathrm{.}56$ and the quantity purchased and used is $28,000$ units.