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

$$,366,200$

$$,353,000$

$$,325,000$

$,55,200$

$,$$$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.

Answer is complete but not entirely correct.

$\backslash$table$[[$Direct Materials,,,$],[$Price variance,$$,0,$U$],[$Efficiency variance,$$,271,303,$F$],[$Total direct materials cost variance,$$,271,303,$U$]]$