Materials and labor variances. Seuss Company’s budget contains the following standards: Although the firm budgeted 100,000 units of output for June, it produced only 97,810. It purchased and used...

Although the firm budgeted 100,000 units of output for June, it produced only 97,810. It purchased and used 200,000 pounds of materials for $105,500. Direct labor costs were $905,000 for 99,200 hours.

a. Compute the materials variance.

b. Compute the labor variance.