Bullseye Company manufactures dartboards. Its standard cost information follows Standard Quantity Standard Price (Rate) Unit Cost Standard Direct materials (cork board) Direct labor Variable manufacturing overhead (based on $ 2.70 per sq. ft. $14.00 per hr 2.00 sq. ft. S 5.40 14.00 0.35 0.30 1 hrs. rs $ 0.35 per hr direct labor hours) Fixed manufacturing overhead ($85,500 285,000 units) Bullseye has the following actual results for the month of September: Number of units produced and sold Number of square feet of corkboard used Cost of corkboard used Number of labor hours worked Direct labor cost Variable overhead cost Fixed overhead cost 265,000 540,000 $1,404,000 273,000 $3,576,300 $ 94,000 $ 68,000 Requirec 1. Calculate the direct materials price, quantity, and total spending variances for Bullseye. (Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance 2. Calculate the direct labor rate, efficiency, and total spending variances for Bullseye.(Do not round your intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Labor Rate Variance Direct Labor Efficiency Variance Direct Labor Spending Variance