please help solve #1

QUESTION 1 Solly Corporation produces a product for national distribution. Standards for the product are Materials: 12 ounces per unit at 60 per ounce. Labor 2 hours per unit at $8 per hour. During the month of December, the company produced 1.000 units. Information for the month follows. Materials: 14,000 ounces purchased and used at a total cost of 37,700. Labor: 2,500 hours worked at a total cost of $20,625. The materials price variance is $600 U $600 F $700 U $700 F