the acicry shcuid work 1,0c5 hours each monn to produce 2,010 sers of covwers. The standard costs associated with this level cf production are Total 528 542 0040 Por Sat of Covera $14.20 4.00 Direct materiss Direct labor 1.00 520.00 based on direct laber-nours 5 3613 During August the factory worked onty 1,200 direct labor hours and produced 2 600 sets cf covers. The folowing actuall coets were recorded duning the month Per Sct ct Tctal Covars 535,100 13.50 2. 10 519.80 Direct labor ariable manufacturing owahcad 310,920 G,4G0 A1 standard, each set of covers should require 2.00 yards of material. Al of the marerias purchased during the month were used in preduction. Required 1. Compute the matcnals prke and quantty vanances for August. (Input al amounts as pesitive values. Indicate the ettect of ach variance by selecting "F" for favorable, "U" for untavorable, and "None" tor no ettect I.9, zero variance).) Materials price Materals quelyance S varnancc