In reviewing activity for July, the controller of Mathis, Inc., collected the following data concerning direct materials:

Actual production$103,500unitsDirect materials purchased (actual)$1,643,800Standard cost of materials purchased$1,556,500Standard direct materials costs per unit produced14.1Standard price times actual amount of materials used$1,408,450

Required:

Compute the direct materials cost variances.(Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

In reviewing activity for July, the controller of Mathis, Inc., collected the following data concerning direct materials Actual production Direct materials purchased (actual) Standard cost of materials purchased Standard direct materials costs per unit produced Standard price times actual amount of materials used $ 103,500 units $ 1,643,800 $ 1,556,500 14.10 $ 1,408,450 Required: Compute the direct materials cost variances. Direct Materials Fav./Unfav. Price variance Efficiency variance Cost variances owing data concerning direct materials