0.8 pounds

0.8 hours*

Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: During the month of May, the company made 860 cakes and incurred the following actuat costs. Direct materials purchased and used (1,260 pounds) $1,638 Direct labor ( 920 hours) $10,580 Required: 1. Calculate the direct materials price variance 2. Calculate the direct materials quantity variance. 3. Calculate the direct materials variance. 4. Calculate the direct labor rate varance. 5. Calculate the direct labor efficiency variance 6. Calculate the direct labor spending variance (For all requirements, Indicote the effect of each voriance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (i.e., zero vorionce).) Betty's Bakery has the following standard cost sheet for one unit of its most p