Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

Standard Quantity or Hours Standard Price or Rate Standard Cost

Direct materials $6\mathrm{.}40$ pounds $ $3\mathrm{.}00$ per pound $ $19\mathrm{.}20$

Direct labor $0\mathrm{.}40$ hours $ $11\mathrm{.}00$ per hour $ $4\mathrm{.}40$

During the most recent month, the following activity was recorded:

Twelve thousand four hundred pounds of material were purchased at a cost of $$2\mathrm{.}90$ per pound.

The company produced only $1,240$ units, using $11,160$ pounds of material. $($The rest of the material purchased remained in raw materials inventory.$)$

$596$ hours of direct labor time were recorded at a total labor cost of $$7,152.$

Required:

Compute the materials price and quantity variances for the month. $($Indicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$