Question: Urenr!!! Please answer with detialed calculation process ASAP, thank you! The following standards have been established for a raw material used to make product 084:
Urenr!!! Please answer with detialed calculation process ASAP, thank you!

The following standards have been established for a raw material used to make product 084: Standard quantity o-F the material per unit o-F output 8.4- meters Standard price o-F the material $ 19.53 per meter The following data pertain to a recent month's operations: Actual material purchased 4,?88 meters Actual cost of material purchased $ 95,886 Actual material used in production 4,486 meters Actual output 636 units of product 084 The 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.)
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