The following materials standards have been established for a particular product: 
The following data pertain to operations concerning the product for the last month: 
Required:
a)What was the materials price variance for the month?
b)What was the materials quantity variance for the month?
Definitions:
Portuguese Man-of-War
A marine cnidarian known for its venomous tentacles, which it uses to capture prey.
Cubozoan
A class of box jellyfish known for their cube-shaped medusae and highly venomous stings.
Colony of Polyps
A group of many individual polyps (small, sessile organisms) that are genetically identical and physically connected, often found in corals.
Cnidaria
A phylum of aquatic invertebrate animals that includes jellyfish, corals, and sea anemones, characterized by a simple body plan with radial symmetry.
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