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

During the month of May, the company made $640$ cakes and incurred the following actual costs:

Direct materials purchased and used $(940$ pounds$),$ $$1,222$

Direct labor $(700$ hours$),$ $$8,050$

Required: Calculate the following:

Direct materials price variance

Direct materials quantity variance

Total direct materials variance $($direct materials spending variance$)$

Direct labor rate variance

Direct labor efficiency variance

Total direct labor variance $($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.