Brooks Clothing Company has the following direct materials standard for the wool in its winter hat:

$0\mathrm{.}1$ kg of wool per hat at $$6\mathrm{.}00$ per kg$.$

Last month $310$ kgs of wool were purchased at a cost of $$2,029.290$ kgs of wool were used to make $3,000$ hats.

Calculate the Direct Material Price Variance AND determine if it is Favorable or Unfavorable.

Calculate the Direct Material Quantity Variance AND determine if it is Favorable or Unfavorable.