The standards for product V$28$ call for $8\mathrm{.}2$ pounds of a raw material that costs $$19\mathrm{.}00$ per pound. Last month, $2,100$ pounds of the raw material were purchased for $$39,480.$ The actual output of the month was $230$ units of product V$28.$ A total of $2,000$ pounds of the raw material were used to produce this output.

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

Required:

What is the materials price variance for the month?

What is the materials quantity variance for the month?