The following data were drawn from the records of Kersten Corporation. a. Prepare a materials variance information table showing he standard price, the actual price, the standard and the actual quantity.(Round "Standard price" and "Actual price to 2 decimal places.) Calculate the materials price and usage variances. Indicate whether the variances are favorable (F) or (U). [Select "None" If there is no effect (i.e., zero variance).) Prepare a labor variance information table showing the standard price, the actual price, the standard hours, and the actual hours. (Round "Standard price" and "Actual price" to 2 decimal places.) Calculate the labor price and usage variances. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None if there is no effect is no effect. (i.e., zero variance).)