Question 13 (2 points) Stevenson Corp produces a lawn and garden product called FastGrow. The direct materials and direct labour standards for one unit of FastGrow follows: Direct materials Direct labour Variable overhead Standard Quantity Standard Price Standard or Hours or Rate Cost 4.30 kilograms $ 2.00per kilogram $ 8.60 0.42 hour $ 7.00per hour 2.94 0.42 hour $ 1.10per hour 0.46 The budgeted fixed overhead cost is $15,009 per month. The denominator activity level of the allocation base is 1,008 direct labour-hours. During the most recent month, the following activity was recorded: a. 9,500 kilograms of material were purchased at a cost of $2.18 per kilogram. b. All of the material purchased was used to produce 2,400 units of Zoom. c. A total of 810 hours of direct labour time was recorded at a total labour cost of 9,234 d. The variable overhead cost was $1,620, and the fixed overhead cost was $20,029. Required: Calculate the direct materials price and quantity variances for the month. Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance)