A company isolates its raw material price variance in order to provide

the earliest possible information to the manager responsible for the variance. The budgeted amount of material usage for the year was computed as follows:
25,000 units of finished goods × 1.2 lbs./unit × $6.00/lb. = $180,000
Actual results for the year were the following:
Finished goods produced 24,500 units
Raw materials purchased 31,000 pounds
Raw materials used 30,000 pounds
Cost per pound $6.25

The raw materials quantity usage variance was:

The total raw materials variance is: