HighTech Light Bulb Company manufactures light bulbs. The standard direct materials quantity required to produce one LED light bulb is two pounds at a cost of $ $1$ per pound. During November$,6$ comma $400$ LED light bulbs were produced using $6$ comma $080$ pounds of direct materials that cost $ $6$ comma $992.$ What are the direct materials cost and efficiency$$ variances? Indicate the amount and if the variances are favorable$($F$)$ or unfavorable$($U$).($Round intermediary and final calculations to the nearest whole$$ dollar.$)$

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Part $1$

Amount

Label

Cost Variance $=$

Efficiency Variance $=$