Exercise 11-5 (Video) Your answer is partially correct. Try again. The standard cost of Product manufactured by Pharrell Company includes 3.3 units of direct materials at $5.40 per unit. During June, 26,800 units of direct materials are purchased at a cost of $5.30 per unit, and 26,800 units of direct materials are used to produce 8,000 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance -520 Favorable Materials price variance -2680 Favorable Materials quantity variance 2160 Unfavorable (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.45 and the quantity purchased and used is 26,800 units. Total materials variance Unfavorable Materials price variance Unfavorable Materials quantity variance Unfavorable Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE