Regent Corp. uses a standard cost system to account for the costs of its one product. Materials standards are 2.9 pounds of material at $13 per pound, and labor standards are 3 hours of labor at a standard wage rate of $12. During July Regent Corp. produced 3,250 units. Materials purchased and used totaled 10,070 pounds at a total cost of $132,410. Payroll totaled $147,080 for 13,340 hours worked. a. Calculate the direct materials price variance.

b. Calculate the direct materials quantity variance.