The standard cost of product B manufactured by Splish Company includes 3 units of direct materials at $5.35 per unit. During June, the company purchases 29,000 units of direct materials at a cost of $5.03 per unit and uses 29,000 units of direct materials to produce 9,500 units of product B. (a) Calculate the materials variance, and the price and quantity variances. Materials variance Materials price variance Materials quantity variance +A $ $ +A $