B D E 1 Chapter 10: Applying Excel 2 3 Data Exhibit 10-1: Standard Cost Card 4 5 Inputs 6 S Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Direct materials Direct labor Variable manufacturing overhead Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 7 $ 8 GO $ 9 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 $ 2,120 units 4,704.00 Actual Quantity 6,145 pounds 840 hours 14 $ Actual direct materials cost Actual direct labor cost Actual price 3.70 per pound 22.40 per hour 15 $ 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 (ie, 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 ile, zero variance) The amount of the material price variance Prov 1 of 1 !!! Next 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 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 (1.e., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rute 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 (.e., zero variance)). The amount of the variable overhead efficiency 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 (1.e., zero variance)). The amount of the variable overticad cate varianco