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

Standard quantity per unit of output 3.5 grams

Standard price $12.00 per grams

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

Actual materials purchased 2,300 grams

Actual cost of materials purchased $ 26,795

Actual materials used in production 1,600 grams

Actual output 420 units

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

Part 1: What is the materials price variance for the month? Part 2: Favorable, Unfavorable, or No Effect?

Part 1: What is the materials quantity for the month? Part 2: Favorable, Unfavorable, or No Effect?