Fischer Fabrication reported the following information concerning its direct materials: Direct materials purchased (actual). Standard cost of materials purchased Standard price times actual amount of materials used Actual production Standard direct materials costs per unit produced $ 376,400 $361,500 $ 333,500 56,900 units $6 Required: Compute the direct materials cost variances. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.