The following materials standards have been established for a particular product: 
The following data pertain to operations concerning the product for the last month: 
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:
Semantic Interpretation
The process of deducing the meanings of words, sentences, or symbols within their particular context and understanding their intended message.
Additive Empathic Response
A communication strategy where the responder not only shows understanding towards the speaker's feelings but also adds their own supportive insight or emotion to the interaction.
Semantic Interpretations
An analysis process focusing on understanding the meaning of words, phrases, and sentences in a language.
Propositional Statements
Statements that express judgments, opinions, or assertions that can be either true or false.
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