A company has the following standard cost and actual cost information: Direct materials Variable manufacturing overhead (based on direct labor hours) Direct labor Fixed manufacturing overhead ($374,000.00 + 170,000.00 units) Standard Quantity 1.60 oz 1.60 hours Standard Price $ 1.70 per oz $ 16.00 per hour 1. 60 hours $ 1.30 per hour Actual Number of units produced and sold Actual Number of oz of direct materials purchased and used Actual Cost of direct material purchase Actual Number of labor hours worked Actual Direct labor cost Actual Variable overhead cost Actual Fixed overhead cost Required: 175,000 318, 200 $ 572, 760 220,000 $ 4,510,000 $ 340,000 $ 380,000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the direct materials price, quantity, and total spending variances. Note: Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance