NAREBEGIN: Figure 103 Figure 103. Bortello Corporation produces high-quality leather boots. The company has a standard cost system and has set the following standards for materials and labor: Leather {12 strips @ $20] $240 Direct labor {10 hours @ $12] $120 Total plirne cost $360 During the year Bertello produced 125 boots. Actual leather purchased was 1,?00 ships, at $10 per strip. There Twere no beginning or ending inventories of leather. Actual direct lahor Teras 1,500 hours at $15 per hour. NARREND Refer to Figure 103. Compute the materials price variance and the materials usage variance, respectively. a. $0,000 F and $1,200 U '0. $0,300 U and $1,500 F c. $6,000 F and $4,000 LT