1. Glacier Peak Outfitters has the following direct materials standard for the fiberfill in its mountain parka 0.1 kg. of fiberfill per parka at $5.00 per kg. Last month 210 kgs. of fiberfill were purchased at a cost of $1,029. Glacier used 200 kgs. to make 2,000 parkas.

• Compute price variance (hint: based on amount PURCHASED)

• Compute quantity variance (hint: based on quantity USED)