Macaron uses a standard costing system. For production of a fuel cell, standards call for 4 model RN-3 valves per cell costing $2,330 each. During 2021, the company purchased 230 valves for $503,700. The company used 248 valves in the production of 60 fuel cells (eight valves were ruined through installation error). Calculate material price and quantity variances for the model RN-3 valves. (Enter all variances as a positive number.) Material Price Variance Material Quantity Variance $