Gates Corporation reported the following information concerning its direct materials.

Direct materials purchased (actual)	$	674,000
Standard cost of materials purchased	$	690,000
Standard price times actual amount of materials used	$	445,000
Actual production		22,200	units
Standard direct materials costs per unit produced	$	19.8

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.)