Wong, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is $0\mathrm{.}7$ pound per glass at a cost of $$0\mathrm{.}50$ per pound. The actual result for one month's production of $7,500$ glasses was $1\mathrm{.}5$ pounds per glass, at a cost of $$0\mathrm{.}60$ per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.

Select the formula, then enter the amounts and compute the cost variance for direct materials. $($Enter amounts to the nearest cent as needed. Label the variance as favorable $($F$)$ or unfavorable $(U,$ in the input field after the amount you enter.$)$