Home Company manufactures tables with vinyl tops. The standard material cost for the vinyl user per Type-R table is \(\$ 7.80\) based on six square feet of vinyl at a cost of \(\$ 1.30\) per square foot. A production run of 1,000 tables in January 20XX resulted in usage of 6,400 square feet of vinyl at a cost of \(\$ 1.20\) per square foot, a total cost of \(\$ 7,680\). Raw materials are carried at actual cost.

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Compute: (a) Materials quantity variance, (b) Materials price variance.