The following information is available for Marigolds Chocolates:

Actual production		2,500	boxes
Budgeted production		3,250	boxes

Direct Materials
Standard	4 pounds of chocolate per box @ $7.00 per pound
Actual	9,000 pounds purchased @ $7.10 per pound
	9,500 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 Favorable Neither Favorable nor Unfavorable Unfavorable
Direct material quantity variance		enter the direct material quantity variance in dollars	select an option Favorable Neither Favorable nor Unfavorable Unfavorable