Fiberworks Company is a manufacturer of fiberglass toy boats. The company has recently implemented a standard cost system and has designed the system to isolate variances as soon as possible. During the month of May, the following results were reported for the production of 25,300 toy boats:

Direct materials (fiberglass) purchased	49,900	pounds
Direct materials issued into production	40,400	pounds
Standard pounds allowed per boat	1.5	pounds
Standard price per pound	$6.52
Cost of fiberglass purchased	$306,885

Required:

a. Calculate the actual cost per pound of fiberglass purchased during May. (Round your answer to 2 decimal places.)

b. Calculate the direct materials purchase price variance for May. (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).)