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The following materials standards have been established for a particular product Standard quantity per unit of output 2.9 grams $13.00 per grams Standard price The following data pertain to operations concerning the product for the last month: Actual materials purchased 1,700 grams 19,805 Actual cost of materials purchased Actual materials used in production 1,200 grams Actual output 350 units The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the month? (Input the amount as a positive value. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the sign in your response.) S (Click to select) v Materials price variance b. What is the materials quantity variance for the month? (Input the amount a as positive value. Leave no cells blank be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the sign in your response.) S (Click to select) v Materials quantity variance