The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $6.0 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.90 per unit, and 26,700 units of direct materials are used to produce 10,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances.

Total materials variance $ Favorable Unfavorable Neither favorable nor unfavorable Materials price variance $ Favorable Neither favorable nor unfavorable Unfavorable Materials quantity variance $ Favorable Neither favorable nor unfavorable Unfavorable

(b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.05 and the quantity purchased and used is 26,500 units.

Total materials variance $ Favorable Neither favorable nor unfavorable Unfavorable Materials price variance $ Neither favorable nor unfavorable Favorable Unfavorable Materials quantity variance $ Unfavorable Neither favorable nor unfavorable Favorable