4.The following information is available forConcord's Chocolates:

Actual production 5,100 boxes

Budgeted production 3,900boxes

Direct Materials

Standard 2pounds of chocolate per box @ $4.00per pound

Actual 9,100pounds purchased @ $4.10per pound

9,600pounds used

(a)Calculate the direct materials price and quantity variances.

Direct material price variance _______________ is this favorable, unfavorable or neither

Direct material quantity variance __________________is this favorable, unfavorable or neither