Acme Company's production budget for August is 19,100 units and includes the following component unit costs, direct materials, $9.00; direct labor, $1150; varlable overhead, $500. Budgeted fixed overhead is $48,000. Actual production in August was 21,942 units. Actual unit component costs incurred during August include direct materials, $10.00, direct labor, $11.00; variable overhead, $700. Actual fixed overhead was $51,100. The standard direct material cost per unit consists of 10 pounds of raw material at $0.90 per pound. During August, 292.560 pounds of raw material were used that were purchased at $075 per pound Required: Caiculate the materiols price variance and materials usage variance for August. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e,, zero variance)