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:
Circadian Rhythm
A natural, internal cycle that dictates the alternation between sleep and wakefulness, repeating roughly on a 24-hour basis.
Suprachiasmatic Nucleus
A small region in the brain's hypothalamus responsible for controlling circadian rhythms, which are the body’s natural sleep and wake cycles.
Brain
The organ located in the head of an animal that coordinates its behavior, processes sensory information, and is the center of intelligence and emotion.
Physical and Mental Health
The overall state of a person's body and mind, including the absence of illness and the presence of well-being.
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