The following information is available for Cranes Chocolates:

Actual production		3,500	boxes
Budgeted production		3,710	boxes

Direct Materials
Standard	3 pounds of chocolate per box @ $5.00 per pound
Actual	8,800 pounds purchased @ $5.10 per pound
	9,300 pounds used

(a) Calculate the direct materials price and quantity variances.

Direct material price variance		$enter the direct material price variance in dollars	select an option UnfavorableNeither Favorable nor UnfavorableFavorable
Direct material quantity variance		$enter the direct material quantity variance in dollars	select an option FavorableUnfavorableNeither Favorable nor Unfavorable