Carla Vista, Inc. uses a standard cost system in which direct materials are carried at standard cost.

Standards for one unit of product are: standard quantity of $9\mathrm{.}5$ gallons and standard price $$1\mathrm{.}95$ per gallon. During March, Carla Vista purchased $152,000$ gallons of direct materials at a cost of $$302,000$ and used $152,500$ gallons in production of $20,000$ units.

Calculate the direct materials price and quantity variances and indicate whether each variance is favorable or unfavorable.

Direct materials price variance

Direct materials quantity variance

$ $$

$

$$

$$