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 is the materials price variance for the month?
b.What is the materials quantity variance for the month?
Definitions:
Population Size
The total number of individuals within a species in a specific area at a given time, influencing ecological dynamics and genetic diversity.
Growth Rate
An indicator of growth in size, quantity, value, or intensity during a specific timeframe.
Crude Birth Rate
The total number of live births per 1,000 population in a given year.
Crude Death Rate
A statistical measure representing the total number of deaths per year per 1,000 individuals in a population.
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