2 Chapter 10: Applying Excel: Exercise (Part 2 of 2) (Algo) Part 2 of 2 Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below. B C D E 10 points A Chapter 10: Applying Excel 1 2 3 4 eBook 5 6 Data Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price 4.00 per pound 22.00 per hour 6.00 per hour $ $ $ 7 Print 8 9 References 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 $ 2,100 units 7,497.00 Actual Quantity 6,195 pounds 1,190 hours 14 Actual direct materials cost Actual direct labor cost $ $ Actual price 3.80 per pound 22.30 per hour 15 8-1. What is the materials quantity varlance? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable. and "None" for no effect (.e., zero variance)). a-2. What is the materials price variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the materials price variance b-1. What is the labor efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance)). The amount of the labor officiency variance b-2. What is the labor rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate varianco C-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (ie, zero variance)). The amount of the variable overhead efficiency varianco c-2. What is the variable overhead rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the variable overhead rate variance