The following materials standards have been established for a particular product:

Standard quantity per unit of output2.5gramsStandard price$16.00per grams

The following data pertain to operations concerning the product for the last month:

Actual materials purchased1,300gramsActual cost of materials purchased$ 15,145Actual materials used in production1,600gramsActual output400units

The direct materials purchases variance is computed when the materials are purchased.

Required:a.What is the materials price variance for the month? and the materials quantity variance