Hanauma Bay Company set the following standards for direct materials for the second quarter of 2021. The materials are diodes used in an electronic device manufactured by the company

11 diodes per unit at a standard cost of 54.50 per gram At the end of 2021, the compani,l reported the following actual results related to direct materials. Purchased 22,000 diodes at $4.54 per gram Used 20,500 diodes to produce 1,800 units Required: Calculate the direct material price variance and direct material quantity variance [show work and clearly label each answer. Note that the amount purchased does not equal the amount used in this problem; therefore, you must use the 4-line approach