Topline Surf Boards manufactures a single product. The standard cost of one unit of this product is as follows: During October, 5,600 units were produced. Selected data relating to the month?s production follow: There was no beginning inventory of raw materials. The variable manufacturing overhead rate is based on direct labor-hours. Required: 1. For direct materials: a. Compute the price and quantity variances for October. (Input all amounts as positive values. Leave no cells blank - be certain to enter O wherever required. Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and None for no effect (i.e., zero variance). Omit the $ sign in your response.)