Response to the following problem:
The following data relate to product no. 89 of Des Moines Corporation:
Direct material standard: 5 square feet at $3.30 per square foot
Direct material purchased: 37,000 square feet at $3.60 per square foot
Direct material consumed: 36,400 square feet
Manufacturing activity: 7,200 units completed
Assume that the company computes variances at the earliest point in time.
A)The direct-material quantity variance is ?
B)The direct-material price variance is ?