During June, Fraser Company's material purchases amounted to 6,900 pounds at a price of $9.00 per pound. Actual costs incurred in the production of 1,000 units were as follows: The standards for one unit of Fraser Company's product are as follows: Required: Compute the following variances for the month of June. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance)