Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

Direct material: 5 pounds at $8.00 per pound	$	40.00
Direct labor: 2 hours at $14 per hour		28.00
Variable overhead: 2 hours at $5 per hour		10.00
Total standard variable cost per unit	$	78.00

The company also established the following cost formulas for its selling expenses:

	Fixed Cost per Month				Variable Cost per Unit Sold
Advertising	$	200,000
Sales salaries and commissions	$	100,000			$	12.00
Shipping expenses					$	3.00

The planning budget for March was based on producing and selling 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs:

1. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production.

2. Direct-laborers worked 55,000 hours at a rate of $15.00 per hour.

3. Total variable manufacturing overhead for the month was $280,500.

4. Total advertising, sales salaries and commissions, and shipping expenses were $210,000, $455,000, and $115,000, respectively.

1. What is the materials quantity variance for March?

2. What is the materials price variance for March?

3. If Preble had purchased 170,000 pounds of materials at $7.50 per pound and used 160,000 pounds in production, what would be the materials quantity variance for March?

4. If Preble had purchased 170,000 pounds of materials at $7.50 per pound and used 160,000 pounds in production, what would be the materials price variance for March?