The standard cost of Product B manufactured by Pharrell Company includes3.8units of direct materials at $6.30per unit. During June,27,000units of direct materials are purchased at a cost of $6.20per unit, and27,000units of direct materials are used to produce7,000units of Product B.

Compute the total materials variance and the price and quantity variances.

Total materials variance:

Materials price variance:

Materials quantity variance:

Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.35and the quantity purchased and used is26,700units.

Total materials variance

Materials price variance

Materials quantity variance