The standard direct material cost per unit for Willis Group was $132 (= $33 per gallon x 4 gallons per unit). During the period, actual direct materials costs amounted to $1,745,490, materials used totaled 55,450 gallons, and 13,220 units were produced. Required: Compute the direct materials price and efficiency variances for the period. Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Price variance Efficiency variance

The standard direct material cost per unit for Wilis Group was $132 ( =$33 per gallon 4 gallons per unit). During the period, actual direct materials costs amounted to $1,745,490, materials used totaled 55,450 gallons, and 13,220 units were produced. Required: Compute the direct materials price and efficiency variances for the period. Note: Indicate the effect of each variance by selecting "F" for favorable, or " U " for unfavorable. If there is no effect, do not select either option