A company has provided the following data conceming one of the products in its standard cost system. Inputs Standard Quantity per unit of Output Direct materials 8.0 ounces $8.10/ounce Standard Price The company has reported the following actual results for the product for April: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production 6,500 units 62.350 ounces $ 386.210 52.020 ounces A) Compute the materials price variance for April. B) Compute the materials quantity variance for April