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 $940$ cakes and incurred the following actual costs:

Direct materials purchased and used $(1,420$ pounds$),$ $$1,846$

Direct labor $(1,000$ hours$),$ $$11,500$

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.