Thornton Fruit Drink Company planned to make 205,000 containers of apple juice. It expected to use two cups of frozen apple concentrate to make each container of Julce, thus using 410,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.24. Thornton actually paid $125,454 to purchase 418,180 cups of concentrate, which was used to make 206,000 containers of apple juice. Required: b. Compute the actual price per cup of concentrate. (Round your answer to 2 decimal places.) c. Compute the standard quantity (number of cups of concentrate) required to produce the containers. d. Compute the materials price variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there is no effect (l.e., zero varlance). Round "Price varlance" to 2 decimal places.) e. Compute the materials usage variance and Indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there is no effect (1.e., zero varlance). Round "Usage varlance" to 2 decimal places.) per cup cups b. Actual price c. Standard quantity d. Total price variance e. Total usage variance