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

Standard quantity per unit of output2.6gramsStandard price$15.00per grams

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

Actual materials purchased1,400gramsActual cost of materials purchased$ 16,310Actual materials used in production1,500gramsActual output380units

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

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

b.What is the materials quantity variance for the month?