The standard cost of Product B manufactured by Pharrell Company includes 2.6 units of direct materials at $5.50 per unit. During June, 27,200 units of direct mater iats are purchised at a cost of $5.45 per thit, and 27,200 units of direct materials are used to produce 10,400 units of Product B. (a) Compute the total materials variance and the peice and quantity variances: Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.55 and the quantity purchased and used is 26.900 units