Florida Company has provided the following standard costing data, per unit as follows: Direct Materials 20 kg at $10 per kg Direct Labour 2 hours at $18/hour Variable Overhead 2 hours at $9/DL hour $50 Fixed Overhead The company expected to produce 2,000 units for the month of September. During September, 2,100 units were produced. The company purchased and used 42,300 kilograms of material at a total cost of $444,150. Direct labor used was 4,150 hours at a total cost of $78,850. Variable overhead cost was $36,800. Actual fixed overhead cost was $98,900. Fixed overhead is allocated based on direct labor hours. The normal volume is the same as the expected volume for September. Required: 1) Compute the direct materials price variance. Indicate if it favorable (F) or unfavorable (U). 2) Compute the direct materials quantity variance. Indicate if it is favorable (F) or unfavorable (U).