Given the following information regarding direct materials: ---Actual quantity purchased = 75,000 pounds -Actual quantity used = 66,000 pounds Actual price of direct materials = $11 per pound Standard quantity of direct materials = 3 pounds per unit Standard cost of direct materials = $10 per pound Units produced = 21,000 units

-What is the direct materials price variance? (AP - SP) x AQ purchased ?

-What is the direct materials usage variance? (AQ used - SQ allowed) x SP ?