Step 1: Component picture:
Split $\bar a$ into the part along $\bar b$ and the part perpendicular to it. The first has length $a\cos\theta$ and the second $a\sin\theta$.
Step 2: Multiply by $b$:
$|\bar a\cdot\bar b| = b\cdot a\cos\theta$ and $|\bar a\times\bar b| = b\cdot a\sin\theta$.
Step 3: Pythagoras:
Squares of the two perpendicular components of $\bar a$ add to $a^2$, so the two squares times $b^2$ add to $a^2b^2$.
Final Answer:
$a^2b^2$, option (B).
\[ \boxed{a^2b^2 \text{ (B)}} \]