Your company manufactures calendars. You use a standard cost system. Relevant costs for direct materials are as follows:

Actual Purchase Price: $0.35 per page

Standard Quantity: 510,000 pages

Actual Quantity Purchased: 600,000 pages

Actual Quantity Used: 540,000 pages

Standard Price Per Page: $0.34 per page

1) Calculate Total Cost of Purchases

2) Materials Price Variance

3) Materials Quantity Variance

4) Net Materials Variance