Perform variance analysis for Starbucks Corporation's direct materials for September 2023.

Item	Amount ($)
Standard Cost per Unit	6
Actual Cost per Unit	6.50
Standard Quantity of Material Allowed for Actual Production	2,500 units
Actual Quantity of Material Used	2,700 units

Question:

Using the given data, calculate the direct materials price variance and the direct materials quantity variance for Starbucks Corporation for September 2023. Show your calculations and explain the significance of these variances.