Scott Landscaping produces faux boulders to be used in various landscaping applications. A special resin is used to make the planters. The standard quantity of resin used for each boulder is 5 pounds. Scott uses a standard cost of $ 2.00 per pound for the resin. The company produced 2,650 boulders in June. In that month, 12,500 pounds of resin were purchased at a total cost of $ 26,000. A total of 12,250 pounds were used in producing the boulders in June.

Requirements
1. Calculate the direct material price variance.
2. Calculate the direct material quantity variance.