Acme Company's production budget for August is 17.500 units and includes the following component unit costs. direct materials, $8; direct labor, $10, variable overhead, \$6. Budgeted fixed overhead is $35,000. Actual production in August was 17,000 units. Actual unit component costs incurred during August include direct materials, $825; direct labor, $945; variable overhead, $6.82 Actual fixed overhead was $33,500. The standard direct material cost per unit consists of 10 pounds of raw material at $0.80 per pound. During August, 187,000 pounds of raw material were used that were purchased at $0.75 per pound. Required: Calculate the materials price variance and materials usage variance for August. Note: Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)