The standard cost of Product B manufactured by Pharrell Company includes3.5units of direct materials at $5.1per unit. During June,27,300units of direct materials are purchased at a cost of $4.90per unit, and27,300units of direct materials are used to produce7,700units of Product B.

(a) Compute the total materials variance and the price and quantity variances. 4 Total materials variance $ 4 Materials price variance $ Materials quantity variance $ 4 0') Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.15 and the quantity purchased and used is 26,700 units. Total materials variance 4 $ Materials price variance $ 4 Materials quantity variance $ 4