The following materials standards have been established for a particular product:

Standard quantity per unit of output	2.8	grams
Standard price	$13.00	per grams

The following data pertain to operations concerning the product for the last month:

Actual materials purchased	1,600	grams
Actual cost of materials purchased	$ 18,640
Actual materials used in production	1,300	grams
Actual output	360	units

The direct materials purchases variance is computed when the materials are purchased.

Required:
a.	What is the materials price variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Materials price variance

$

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b.

What is the materials quantity variance for the month? (Input the amount a as positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Materials quantity variance

$

(Click to select)FUNone