The standard cost of Product B manufactured by Pharrell Company includes 3.8 units of direct materials at $6.30 per unit. Duriro June, 27,000 units of direct materials are purchased at a cost of $6.20 per unit, and 27,000 units of direct materlals are used to produce 7,000 units of Product B. (a) Compute the total materials variance and the price and quantity variances. (b) Compute the total materials variance and the price and quantity variances, assuming the purchase grice is $6.35 and the quantily purchased and used is 26,700 units. Compute the total materials variance and the price and quantity variances. assuming the purchase price is $6.35 and the quiantity purchased and used is 26,700 units. June, 27,000 units of drect materlals are parchased at a cost of 56.20 per unt, and 27,000 uryts or drect materials are used ta produce 7000 units of Product B (a) Compote the total materiaks variance and the price and quantity variances (b) Compute the total materials var ance and the price and quantity warunces, assuming the purchase price is $6.35 ard the quantity purchased and used is 26,700 unith