The following standards have been established for a raw material used to make product $084.$

Standard quantity of the material per unit of output Standard price of the material

$(18\mathrm{.}80$ per meter

The following data pertain to a recent month's operations:

Actual material purchased

Actual cost of material purchased

Actual material used in production

Actual outputThe direct materials purchases variance is computed when the materials are purchased.Required:a$.$ What is the materials price variance for the month?b$.$ What is the materials quantity variance for the month?$($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.$)$

$\backslash$table$[[$a$.$ Materials price variance,$],[$b$.$ Materials quantity variance,$]]$