Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October is as follows:

Calculate the following:

(a) Material quantity variance,

(b) Material price variance, assuming raw materials inventories are carried at standard cost,

(c) Material price variance, assuming raw materials inventories are carried at actual cost.

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Standard unit price.. Actual purchase price per unit.. Actual quantity purchased......... Actual quantity used......... Standard quantity allowed for actual production............ ......$1.60 ......$1.55 ...2,000 units .1,900 units 1,800 units