Bortello Corporation produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials (leather) and labor:

Leather $240 (12 strips @$20 per strip)

Direct Labor $120 (10 hours @ $12 per hour)

During the year Bortello produced 125 boots. Actual leather purchased was 1,700 strips, at $16 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 1,500 hours at $15 per hour.

Compute the materials price variance and the materials usage variance, respectively.