1. Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs 625 units Spending Variance Flexible Budget 625 units Volume Variance Master Budget 200 units Direct Material $ 19,500 $ 18,000 26,000 Direct Labor 30,200 12.250 12,000 Variable Overhead Fixed Overhead Total Manufacturing Costs 15,500 13,000 69,000 $ 77,450 $ 2. Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: Direct materials Direct labor SQ 1.2 pounds 0.8 hours SP $ 1.50 per pound $12.00 per hour During the month of May, the company made 620 cakes and incurred the following actual costs. Direct materials purchased and used (920 pounds) $1,196 Direct labor (680 hours) $7,820 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 variance. 5. Calculate the direct labor efficiency variance. 6. Calculate the direct labor spending variance. (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) 1. Direct materials price variance 2. Direct materials quantity variance 3. Total direct materials spending variance 4. Direct labor rate variance 5. Direct labor efficiency variance 6. Total direct labor spending variance