The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $6.00 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 30 Favorable A Materials price variance 2670 A Favorable Materials quantity variance 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 Unfavorable Materials price variance Unfavorable Materials quantity variance $