The Geneva Chocolate Company manufactures boxes of chocolate. The operating data for the past month are summarized as follows: Produced 4,000 boxes of chocolates Direct materials: Purchased and Used 4,300 kilograms @ $15.50 per kilogram; Standard price is $16 per kilogram; standard quantity is 1 kilogram per box Direct labour: Actual cost was $195,200 for 6,400 hours worked Standard hours per box produced, 1.5 hours; standard rate per hour, $30 Required:

What is the direct material price variance? (enter a positive number only with no dollar sign, commas, letters, or decimals.)

For the above variance, enter F for favorable or U for unfavorable

What is the direct material quantity variance? (enter a positive number only with no dollar sign, commas, letters, or decimals.

For the above variance, enter F for favorable or U for unfavorable