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 900 cakes and incurred the following actual costs: Direct materials purchased and used (1,340 pounds). $1,742 Direct labor (960 hours) $11040 Required: 1. Calculate the direct materials price variance. 2. Calculate the direct materials quantity variance. 3. Calculate the direct materlals spending varlance. 4. Calculate the direct labor rate varlance. 5. Calculate the direct labor efficiency variance. 6. Calculate the direct labor spending variance. Note: For all requirements, Indicate the effect of each voriance by selecting " F " for favorable, " U " for unfavorable, and "None for no effect (t.e., zero varionce). Round your intermediate calculations to two decimal places