Assume Ashland Community Hospital had the following supplies costs for two products used in its operating room. Standard costs for one surgery: Item X, 5 pieces at $50 each; Item Y, 10 pieces at $75 each. During August the following data apply to the hospital:

Surgeries Performed............................................................................... 1,500

Supplies Purchased and Used:

Item X.............................................................................. 8,000 Pieces at $40

Item Y............................................................................ 14,000 Pieces at $76

Compute materials price and efficiency variances.