At the end of the current year, Bowman Products has the following information available comparing the cost of direct materials on its flexible budget with the actual cost of direct materials: Flexible budget Actual results Difference Direct materials $24,000 $30,000 (6,000) Sally Vincent, the company's controller, has requested a meeting with Hank Rowland, the operations manager, asking him to explain why direct materials costs were more than what had been budgeted. What two kinds of variance analysis should Hank do before his meeting with Sally? What is being measured by each of these variances?