Gates Corporation 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 $675,500 $693,000 5446,5ee 22,500 units $ 19.5 Required: Compute the direct materials cost variances. (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.) Direct Materials Price variance Efficiency variance Total direct materials cost varanco