The standard cost of product manufactured by Pharrell Company includes 2.3 units of direct materials at $6.70 per unit. During June, 26,800 units of direct materials are purchased at a cost of $6.65 per unit, and 26,800 units of direct materials are used to produce 15,500 units of Product (a) Compute the total materials variance and the price and quantity variances Total materials variance Materials price variance Materials quantity variance (b) Compute the total materiais variance and the price and quantity variances, assuming the purchase prices $6.75 and the quantity purchased and used s 26,700 units Total materiais variance 5 Materials arice variance Materials Quantity variance Lewis company standard labor cost of produang one unit of product DD.is 3.70 hours at the rate of $12.90 per hour. During August. 40,600 hours of labor are incurred at a cost of $13.00 per hour to produce 10,800 units of Product DD. (a) Compute the total labor variance Total labor variance (b) Compute the labor price and quantity variances Labor prie variance Labor quantity variance $ (c) Compute the labor price and quantity variances, assurning the standard is 4.10 hours of direct labor at $13.20 per hour. Labor price variance Labor quantity variance Hanufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 53,900 actual direct labor hours worked 5435,600 Overhead rate (variable $6 fixed $2) at normal capacity of 50,100 direct labor hours $8 Standard hours aliawed for work done 54.160 Cat Compute the total overhead variance Total overhead variance