The following standards have been established for a raw material used to make product 084: standard quantity of the materie per unit of output 2.4.tr The following data pertain to a recent month's operations: Ketual material purchased Al cont of water purchased Actual material wed in production Actual output 4,700 meters $95.00 4,400 stars 00 units of product 04 The direct materials purchases variance is computed when the materials are purchased. Required: a. What is the materials price variance for the month? b. What is the materiais quantity variance for the month? indicate the effect of each variance by selecting "F* for favorable. "U" for unfavorable, and "None" for no effect (.e., zero varlance). Input all amounts as positive values.)