The standard cost of Product B manufactured by Pharrell Compary includes 2.6 units of direct materials at $6.00 per unit. During Junc, 26,700 units of direct materials are purchased at a cost of $5.90 per unit, and 26,700 units of direct materials are used to produce 10,100 units of Product 8. (a) Compute the total materials variance and the price and quarity variances. (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.05 and the quantity purchased and used is 2.6 .500 units. Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.05 and the quantity purchased and used is 26,500 units