The standards for product V 28 call for 9.3 pounds of a raw material that costs $19.00 per pound. Last month, 3,300 pounds of the raw material were purchased for $62,040. The actual output of the month was 340 units of product V28. A total of 3,300 pounds of the raw material were used to produce this output. 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" for no effect (i.e., zero variance). Input all amounts as positive values