Mcphail Inc.has a standard cost system.The standards for direct materials for one of its products specify 6.6 grams of a particular input per unit of output at a standard cost of $7.40 per gram.The company has reported the following actual results for the product for September:Required:

a.Compute the materials price variance for this input for September. b.Compute the materials quantity variance for this input for September.

Actual output Raw materials purchased Actual price of raw materials Raw materials used in production 5,700 41,900 $7.80 37,630 units grams per gram grams