The following materials standards have been established for a particular product: Standard quantity per unit of output standard price 9.4 kilograms $16.90 per kilograms The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 7,300 kilograms $116,435 7,100 kilograms 740 units Required: a) What is the materials price variance for the month? b) What is the materials quantity variance for the month