Best Fender, which uses a standard cost system, manufactured 20,000 boat fenders during 2025, using 142,000 square feet of extruded vinyl purchased at $1.30 per square foot. Production required 500 direct labor hours that cost $23.00 per hour. The direct materials standard was seven square feet of vinyl per fender, at a standard cost of $1.35 per square foot. The labor standard was 0.027 direct labor hour per fender, at a standard cost of $22.00 per hour. Begin with the cost variances. Select the required formulas, compute the cost variances for direct materials and direct labor. (Abbreviations used: AC= actual cost; AQ = actual quantity; FOH = fixed overhead; SC = standard cost; SQA= standard quantity allowed. Label the variance as favorable (F) or unfavorable (U), in the input field after the amount you enter.)