4 pts Question 1 Standards for the materials costs of one package of fireworks are as follows: 7 ounces @ $4.00 $28.00 During July, 800 packages were produced, 5,980 ounces were purchased at $3.95 per ounce, and 5,550 ounces were used in production. For July, what was the materials usage variance? If the variance is unfavorable, append a "U" to the end of your answer. If the variance is favorable, append an "F" to the end of your answer (no spaces, capitalized). Please omit spaces between your integer only) numeric answer and the letter, and capitalize the letter. Examples: 5000 or 1000F Question 2 3 pts Three hours are required to produce one unit of product. The company budgeted a $14 per hour wage rate for 21,000 budgeted hours, but actually paid workers $17 per hour for 25,000 hours actually worked during the year. The labor rate variance is: If the variance is unfavorable, append a "U" to the end of your answer. If the variance is favorable, append an "F" to the end of your answer (no spaces, capitalized). Please omit spaces between your (integer only) numeric answer and the letter, and capitalize the letter Examples: 5000 or 1000F