The following standards have been established for a raw material used to make product 084: Standard quantity of the material per unit of output standard price of the material 7.6 meters $ 18.80 per meter The following data pertain to a recent month's operations: Actual material purchased Actual cost of material purchased Actual material used in production Actual output 3,900 meters $76,830 3,600 meters 550 units of product 084 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? a. Materials price variance b. Materials quantity variance