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

7.2 meters

$ 18.00 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

3,500 meters

$ 66,150

3,200 meters

510 units of product 084

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

Required:

1. What is the materials price variance for the month?
2. What is the materials quantity variance for the month?