Question: The standard direct material cost per unit for Willis Group was $ 1 6 0 ( = $ 4 0 per gallon 4 gallons per

The standard direct material cost per unit for Willis Group was $160(= $40 per gallon 4 gallons per unit). During the period, actual direct materials costs amounted to $2,130,840, materials used totaled 55,485 gallons, and 13,290 units were produced.
Required:
Compute the direct materials price and efficiency variances for the period.
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.

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