Sunshine Company has the following direct material standard for its Sunny Surfboards. 3 meters of board per surfboard at $6.00 per meter. Last month, the company purchased and used 6,200 meters of board at a total cost of $34,500 to make 2,000 surfboards.

What is the direct material quantity variance ?

What is the direct material price variance?

Identify the possible reasons for the variances