The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below Standard Quantity Standard PriceStandard or Hours 6.0 milillitres $ 0.25 per 0.3 hours or Rate Cost Direct materials $1.50 Skipped Direct labour $12.00 per hour During the most recent month, the following activity was recorded: a. 25,500 millilitres of material was purchased at a cost of $0.20 per millilitre. b. All of the material was used to produce 3,000 bottles of Clean-All. c. 725 hours of direct labour time was recorded at a total labour cost of $8,700. Required 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting "F" for favourable, "U" for unfavourable, and None" for no effect (I.e., zero variance).) Materials price variance Materials quantity variance