I-Max Company makes golf club heads with the following standard cost information:

Direct materials (0.5 lb. per unit at $20 per lb.) =$10.00

Direct labor (1 hr. per unit at $16 per hr.) = $16.00

Total standard direct cost per unit =$26.00

During May, I-Max produced 3,500 club heads using 1,800 pounds of material.

I-Max paid $21.00 per pound for the material.

Compute the material price and quantity variances.