Fantastic Feeder Products Inc., manufactures a number of bird feeders for general household and backyard use. One of these products, a rustic bird feeder, requires an expensive hardwood. During a recent month, the company manufactured 9,000 rustic bird feeders using 6,200 metres of hardwood. The hardwood cost the company $23,560.

The companys standards for one rustic bird feeder are 0.6 metres of hardwood, at a cost of $4.05 per metre.

Required:

What cost for wood should have been incurred to make 9,000 rustic bird feeters? How much greater or less is this than the cost that was incurred?

Break down the difference computed above into a materials price variance and a materials quantity variance.