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The standards for product V28 call for 87 pounds of a raw material that costs $1950 per pound Last month, 2700 pounds of the taw

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The standards for product V28 call for 87 pounds of a raw material that costs $1950 per pound Last month, 2700 pounds of the taw material wore used to produce this output. The diroct materials purchases varance is computed when the moterials afo purchased Required: a. What is the materials price variance fot the month? b. What is the materials quantity viariance 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

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