The following standards have been established for a raw material used to make product O84: 
The following data pertain to a recent month's operations: 
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?
Definitions:
Moral Development
The process through which individuals acquire and understand values, ethics, and principles of right and wrong behavior.
Erik Erikson
A developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, notably the eight stages of psychosocial development.
School Culture
School culture refers to the beliefs, perceptions, relationships, attitudes, and written and unwritten rules that shape and influence every aspect of how a school functions.
Bullies
Individuals who intimidate or harass others through aggressive or abusive behavior.
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