The standard cost of Product B manufactured by Pharrell Company includes 2.8 units of direct materials at $6.70 per unit. During June, 27,000 units of direct materials are purchased at a cost of $6.50 per unit, and 27,000 units of direct materials are used to produce 9,600 units of Product B (a) Compute the total materials variance and the price and quantity variances. $ Total materials variance Unfavorable 5400 i Materials price variance 5400 Unfavorable $ Unfavorable Materials quantity variance 780 (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.75 and the quantity purchased and used is 27,000 units. $ Unfavorable Total materials variance 5400 $ Materials price variance Unfavorable 5400 $ Materials quantity variance 780