The following standards have been established for a raw material used to make product 084: Standard quantity of the material per unit of output Standard price of the material The following data pertain to a recent month's operations: Actual material purchased Actual cost of material purchased Actual material used in production Actual output 7.7 meters $ 18.50 per meter 4,000 meters a. Materials price variance b. Materials quantity variance $ 77,600 3,700 meters 560 units of product 084 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 materials quantity variance for the month? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" f variance). Input all amounts as positive values.

The following standards have been established for a raw material used to make product 084 The following data pertain to a recent month's operations: 284 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 materials quantity variance for the month? Note: Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" variance). Input all amounts as positive values