URGENT PLEASE ANSWER ASAP!

Question: You have been given the following per unit information about the production of Greco Ltd., and are asked to provide the plant manager with information for a meeting with the vice-president of operations: Standard Standard Actual Actual Quantity Price Quantity Price Direct materials 6 kg $3/kg 5.5 kg $2.80/ kg Production data, both budgeted and actual, for the year are as follows: Description Amount Actual production (units) 55,000 Actual materials purchased and used (kg) 302,500 Required: Calculate the direct material price and usage (also called efficiency) variances and use your solution to answer the following questions NOTE: Please enter all variances as positive numbers. The amount of the direct material price variance is $ NOTE: Please enter all variances as positive numbers. The amount of the direct material price variance is $. Indicate if the direct material price variance is favourable lenter the letter F) or unfavourable (enter the letters UF), The amount of the direct material usage variance (also called efficiency variance) is Indicate if the direct material usage variance is favourable (enter the letter F) or unfavourable (enter the letters UF)