Starship Enterprises produces and sells calibrators. The company began the period with the following inventory of raw material:

200 units at $\$ 5.50$ per unit (the materials price variance is taken at the time of purchase)

A standard of four units of material for each calibrator produced has been established. During the period, Starship purchased an additional 1,500 units of material at a total cost of $\$ 8,220$. The dollar amount of materials transferred to Work-in-Process Inventory during the period was $\$ 8,800$. At the end of the period, Starship had an ending materials inventory of 50 units.

1. Provide the journal entry required to record the materials price variance.

2. Provide the journal entry required to record the materials quantity variance.