The following standards have been established for a raw material used to make product O84:

Standard quantity of the material per unit of output	7.7	meters
Standard price of the material	$ 18.50	per meter

The following data pertain to a recent month's operations:

Actual material purchased	4,000	meters
Actual cost of material purchased	$ 77,600
Actual material used in production	3,700	meters
Actual output	560	units of product O84

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?