The standard cost of Product B manufactured by Pharrell Company includes 3.2 units of direct materials at $6.60 per unit. During June, 27,000 units of direct materials are purchased at a cost of $6.45 per unit, and 27,000 units of direct materials are used to produce 8,300 units of Product B. (a) Compute the total materials variance and the price and quantity variances.

Total materials variance		$enter a dollar amount		select an option Favorable, UnfavorableNeither favorable nor unfavorable
Materials price variance		$enter a dollar amount		select an option Favorable, Neither favorable nor unfavorable, Unfavorable
Materials quantity variance		$enter a dollar amount		select an option Favorable, Neither favorable nor unfavorable, Unfavorable

(b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.70 and the quantity purchased and used is 27,000 units.

Total materials variance		$enter a dollar amount		select an option Unfavorable, Neither favorable, nor unfavorable Favorable
Materials price variance		$enter a dollar amount		select an option Neither favorable nor unfavorable, Unfavorable Favorable
Materials quantity variance		$enter a dollar amount		select an option Favorable,Neither favorable nor unfavorable. Unfavorable