10 Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: Direct materials Direct labor 50 SP 1.2 pounds $ 1.50 per pound 0.8 hours $12.00 per hour 10 point Prm RO During the month of May, the company made 720 cakes and incurred the following actual costs. Direct materials purchased and used (1,020 pounds) $1,326 Direct labor (780 hours) $8.970 Required: 1. Calculate the direct materials price variance 2. Calculate the direct materials quantity variance 3. Calculate the direct materiais variance 4. Calculate the direct laborate 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 "P" for favorable, "U" for unfavorable, and "None" for no effect ... zoro variance) 1. Decerias prie vice 2. Dirt materials cuartily variance 3 dret male spending vanane 4 Droborrie van & Direct labor efficiency variante 0 Total de labor spending on