Hanson Inc. has the following direct material standard to manufacture one Widget:

$1\mathrm{.}5$ pounds per Widget at $$4\mathrm{.}00$ per pound

Last week, $1,700$ pounds of material were purchased and used to make $1,000$ Widgets. The material cost a total of $$6,630.$

a$.$ Compute the Materials Price Variance

b$.$ Compute the Materials Quantity Variance