Chap $9-$ Homework $-$ Required i

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

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$\backslash$table$[[,$SQ$,$SP$],[$Direct materials,$1\mathrm{.}2$ pounds,$$1\mathrm{.}50$ per pound$],[$Direct labor,$0\mathrm{.}8$ hours,$$12\mathrm{.}00$ per hour$]]$

points

Direct labo

$\mathrm{.}2$ pounds

$\mathrm{.}8$ hours

$12\mathrm{.}00$ per hour

During the month of May, the company made $860$ cakes and incurred the following actual costs.

Direct materials purchased and used $(1,260$ pounds$)$ $$1,638$

Direct labor $(920$ hours$)$ $$10,580$

Required:

Calculate the direct materials price variance

Calculate the direct materials quantity variance

Calculate the direct materials variance.

Calculate the direct labor rate variance.

Calculate the direct labor efficiency variance.

Calculate the direct labor spending variance.

$($For all requirements, Indicate the effect of each variance py selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no effect $($i$.$e$.,$ zero variance$).)$

$\backslash$table$[[,,],[1.,$Direct materials price variance,,$],[2.,$Direct materials quantity variance,,$],[3.,$Total direct materials spending variance,,$],[4.,$Direct labor rate variance,,$],[5.,$Direct labor efficiency variance,,$],[6.,$Total direct labor spending variance,,$]]$

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