Betty$$s Bakery has the following standard cost sheet for one unit of its most popular cake:

SQ SP

Direct materials $1\mathrm{.}2$ pounds $ $1\mathrm{.}50$ per pound

Direct labor $0\mathrm{.}8$ hours $ $12\mathrm{.}00$ per hour

During the month of May, the company made $680$ cakes and incurred the following actual costs.

Direct materials purchased and used $(980$ pounds$)$ $$1,274$

Direct labor $(740$ hours$)$ $$8,510$

Required:

$1.$ Calculate the direct materials price variance.

$2.$ Calculate the direct materials quantity variance.

$3.$ Calculate the direct materials variance.

$4.$ Calculate the direct labor rate 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 $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$