The following information is available for Waterway's Chocolates:

Actual production

4,800boxes

Budgeted production

3,330boxes

Direct Materials

Standard2 pounds of chocolate per box @ $5.00 per pound

Actual8,600 pounds purchased @ $5.10 per pound

9,100 pounds used

a) Calculate the direct materials price and quantity variances.

Direct material price variance $

Direct material quantity variance $