The following materials standards have been established for a particular product: 5.2 meters Standard quantity per unit of output Standard price $18.00 per meter 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 8,100 meters $151,065 7,700 meters 1,450 units What is the materials price variance for the month? The following labor standards have been established for a particular product: 8.8 hours Standard labor-hours per unit of output $12.60 per hour Standard labor rate The following data pertain to operations concerning the product for the last month: Actual hours worked 6,600 hours Actual total labor cost $80,520 950 units Actual output What is the labor efficiency variance for the month