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

standard quantity per unit of output: 1.9 grams

standard price: $18.00/gram

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

Actual Materials purchased: 5,800 grams

Actual cost of materials purchased: $108,460

Actual materials used in production: 5,200 grams

Actual output: 2700

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

what is materials price variance for the month? I got $4060, but is it favorable or unfavorable and why?

what is materials quantity variance for the month? I got $1,260 but is it favorable or unfavorable and why?