Roland Fruits Inc. produces peach jam. The company developed the following standard costs for a jar of jam: Grams Cost per Gram Total Cost $12.00 Direct materials 60.00 $0.20 The actual results for the year are: Units produced Direct materials purchased and used (grams) Direct materials cost per gram 220,000 13,420,000 $0.18 Calculate the direct material price and usage (also called efficiency) variances and use your solution to answer the following questions. NOTE: Please enter all variances as positive numbers. The amount of the direct material price variance is $. A/ Indicate if the direct material price variance is favourable (enter the letter F) or unfavourable (enter the letters UF). A The amount of the direct material usage variance (also called efficiency variance) is $ Indicate if the direct material usage variance is favourable (enter the letter F) or unfavourable (enter the letters UF)