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

	SQ		SP
Direct materials	1.2	pounds	$ 1.50	per pound
Direct labor	0.8	hours	$ 12.00	per hour

During the month of May, the company made 980 cakes and incurred the following actual costs:

Direct materials purchased and used (1,500 pounds), $1,950

Direct labor (1,040 hours), $11,960

Required:

Calculate the direct materials price variance.

Calculate the direct materials quantity variance.

Calculate the direct materials spending variance.

Calculate the direct labor rate variance.

Calculate the direct labor efficiency variance.

Calculate the direct labor spending variance.

Note: 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). Round your intermediate calculations to two decimal places.