The following standards have been established for a raw material used to make product O$84$:

Standard quantity of the material per unit of output$9\mathrm{.}1$metersStandard price of the material$ $19\mathrm{.}40$per meter

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

Actual material purchased$5,400$metersActual cost of material purchased$ $109,620$Actual material used in production$5,300$metersActual output$700$units of product O$84$

The direct materials purchases variance is computed when the materials are purchased.

Required:

What is the materials price variance for the month?

What is the materials quantity variance for the month?

Note: 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.