A B D E 1 Chapter 10: Applying Excel 2 3 Data 3 4 5 5 Exhibit 10-1: Standard Cost Card Inputs Direct materials Standard Price 6 $ Standard Quantity 3.0 pounds 0.50 hours 0.50 hours 4.00 per pound 22.00 per hour 7 Direct labor $ 8 Variable manufacturing overhead $ 6.00 per hour 9 10 11 Actual results: Actual output Actual variable manufacturing overhead cost 2,140 units 12 $ 13 7,200.00 Actual Quantity 6,225 pounds 1,125 hours 14 Actual direct materials cost $ Actual price 3.70 per pound 22.10 per hour 15 Actual direct labor cost $ a-1. What is the materials quantity 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 quantity 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 (i.e., zero variance)). The amount of the labor efficiency varianco 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 (l.e., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rote variance 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 (i.e., zero variance)). The amount of the variable overhead officiency variance 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