Materials Variances

Cruisers, Inc. has the following materials standards for fiberglass cloth used to make $100$ Sea Cruiser boat hulls: $218$ yards per hull at $$2\mathrm{.}10$ per yard

Last month, $22,500$ yards of material were purchased and used to make $100$ hulls. The total materials costs were $$46,125.$

Required:

$1-$ Calculate Materials price variance

$2-$ Calculate Materials quantity variance