Perez Fruit Basket Company makes baskets of assorted fruit. The standard and actual costs of oranges used in each basket of fruit follow.

Standard Actual

Average number of oranges per basket $7\mathrm{.}808\mathrm{.}60$

Price per orange $\backslash$times $ $0\mathrm{.}30\backslash$times $ $0\mathrm{.}25$

Cost of oranges per basket $ $2\mathrm{.}34$ $ $2\mathrm{.}15$

Perez actually produced $26,100$ baskets.

Required

Determine the materials price variance and indicate whether it is favorable $($F$)$ or unfavorable $($U$).$

Determine the materials usage variance and indicate whether it is favorable $($F$)$ or unfavorable $($U$).$