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 $7\mathrm{.}00$ pounds $$3\mathrm{.}00$ per pound $$21\mathrm{.}00$

Direct Labor $0\mathrm{.}40$ hours $$14\mathrm{.}00$ per pound $$5\mathrm{.}60$

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

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

B$.$ The company produced only $1,360$ units, using $12,240$ pounds of material. $($The rest of the material purchased remained in raw materials inventory.$)$

C$.644$ hours of direct labor time were recorded at a total labor cost of $$7,728.$

Required the materials price and quantity variances for the month.

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.$)$

Materials price variance

Materials quantity variance