Enduro Health Inc. makes a variety of health aids and accessories, including a mosquito net. For the month of April, the budget (reflecting company standards) and the actual results for the manufacture of mosquito nets are shown below: Budget Actual Activity 1,900 2,000 Direct materials (meters) 10,640 12,000 Direct materials cost P 42,560 P 45,000 Direct labor hours 2,850 2,900 Direct labor cost P 17,100 P 18,850 

Required: a. Calculate the following variances and indicate if the variance is favorable (F) or unfavorable (U): 1. Materials price variance