Huron Company produces acommercial cleaningcompound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below:

Standard Quantity or HoursStandard Price

or RateStandard CostDirect materials6.3pounds$2.50per pound$15.75Direct labor0.5hours$10.50per hour$5.25

During the most recent month, the following activity was recorded:a.Twelve thousand two hundred pounds of material were purchased at a cost of $2.40 per pound.b.The company produced only 1,220 units, using 10,980 pounds of material. (The rest of the material purchased remained in raw materials inventory.)

c.Seven hundred and ten hours of directlabor timewere recorded at a total labor cost of $8,520.

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). Do not roundintermediate calculations.)

Direct material price variance - ?

Direct material quantity variance- ?