The following standards hove been established for a raw matorial usod to make product oB4 standord quantity of the materiol per unlt ot output 7.3 meters standard price of the matertol The following dato pertain to o recent month's operations: Retual miterta1 purehanod Aotual doat of materdal purehased Aetuat materiad unod in production hetual output 4,200motorn581,5903,600meters570uniteofproduetok4 The direct moterials purchases varionce is computed when the materibis are purchosed Required: a. What is the matoriais price variance for the month? b. What is the materials quantity variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no etfect (l.e., zero varionce). fnput all amounts as positive values.)