The following standards have been established for a raw material used to make product 084 Standard quantity of the material per unit of output Standard price of the material 9.0 meters s 19.88 per meter ped The following data pertain to a recent month's operations Actual material purchased Actual cost of material purchased Actual saterial used in production Actual output 5,380 meters s 187,860 5,280 meters 690 units of praduct 084 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? a Materials price variance b Materials quantity variance