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

Standard quantity per unit of output	4.0	grams
Standard price	$12.00	per grams

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

Actual materials purchased	2,900	grams
Actual cost of materials purchased	$ 33,785
Actual materials used in production	2,200	grams
Actual output	480	units

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

Required:

a.

What is the materials price variance for the month? Favorable or Unfavorable? (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

$

b.

What is the materials quantity variance for the month? Favorable or unfavorable? (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

$