STUD Help Save Acme Company's production budget for Augustis 17.500 units and includes the following component unit costs: direct materials, $8: direct labor, $10, variable overhead, $6. Budgeted fixed overhead is $35,000. Actual production in August was 17,000 units. Actual unit component costs incurred during August include direct materials, $8 25, direct labor $9.45: variable overhead, $6.82. Actual fixed overhead was $33,500. The standard direct material cost per unit consists of 10 pounds of raw material at $0.80 per pound During August, 187000 pounds of raw material were used that were purchased at $0.75 per pound. Required: Calculate the maternal price variance and materials usage variance for August. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (ie, zero variance).) Material price variance Material usage variance F U None