Question: Brooks Clothing Company has the following direct materials standard for the wool in its winter hat: 0.1 kg of wool per hat at $6.00 per kg. Last month 310 kgs of wool were purchased at a cost of $2,029. 290 kgs of wool were used to make 3,000 hats. Calculate the Direct Material Price Variance AND determine if it is Favorable or Unfavorable. Calculate the Direct Material Quantity Variance AND determine if it is Favorable or Unfavorable.