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:
Conversation
The informal exchange of ideas, information, and thoughts between two or more people, either verbally or in written form.
Mixed-age
An environment or grouping that includes individuals of different ages, often used in educational settings to enhance learning and social development.
Social Connectedness
The feeling of belonging and having close personal ties with others, contributing to one’s well-being.
Gender Schemas
Cognitive structures that dictate the understanding of gender roles and influence how individuals process information related to gender.
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