Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: During the most recent month, the following activity was recorded: a. Twenty thousand pounds of materlal were purchased at a cost of $2.35 per pound. b. The company produced only 3,000 unlts, using 14,750 pounds of materlal. (The rest of the material purchased remained in raw materlals Inventory.) c. 750 hours of direct labor time were recorded at a total labor cost of $14,925. Required: Compute the materlals price and quantity varlances for the month. Note: Indlcate the effect of each varlance by selectlng "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values