Blossom Companys standards call for two feet of direct materials for each unit. The standard price of one foot is $3.00. Actual production was 51,200 units requiring 106,200 feet of direct materials. Blossom purchased 108,200 feet at a unit price of $3.10 per foot. Calculate the direct materials price and quantity variances and indicate whether the variances are favorable or unfavorable. Direct materials price variance $enter the direct materials price variance in dollars select an option