Monument Golf Markers produces granite tee box signs.

These monuments are

etched with an image of the golf hole, distance to green, and other information.

Each monument typically requires 1,200 pounds of granite.

The standard cost for

granite is estimated at $260 per ton (2,000 pounds).

During a recent month, 600

monuments were constructed.

The company purchased and used

350 tons of

material at a cost of $275 per ton.

Compute the total variance for materials, and determine how much is related to

price and how much is related to quantity.