Data: Standard Cost Card Standard Price 4.00 per pound 22.00 per hour $6.00 per hour Standard Quantity Direct materials Direct labor Variable manufacturing overhead 3.0 pounds 0.50 hours 0.50 hours Actual results: 2,000 units Actual output Actual variable manufacturing overhead cost $7,140 Actual Quantity Actual direct materials cost Actual direct labor cost 6,500 pounds 1,050 hours Actual price 3.80 per pound $21.60 per hour Enter a formula into each of the cells marked wth a? Below. The variances should be positive numbers so use ABS0 in your formula. For example, the formula for cell B23 should be -ABS(F19 Standard Cost Variance Analysis-Direct Materials Standard Quantity Allowed for the Actual Output, at Standard Price Actual Quantity of Input, at Standard Price Actual Quantity of Input, at Actual Price Direct materials variances: per pound- ? per pound - per pound pounds ? poundsx pounds x Materials quantity variance Materials price v anance Materials spending variance Standard Cost Variance Analysis-Direct Labor Standard Hours Allowed for the Actual Output, at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate Direct labor variances: hours x hours x hours x per hour - ? per hour per hour- Labor efficiency variance Labor rate vanance Labor spending variance Standard Cost Variance Analysis-Variable Manufacturing Overhead Standard Hours Allowed for the Actual Output, at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate Variable overhead variances: hours x ? hours x hours x per hour - ? per hour- 80 per hour Varable overhead efficiency variance Variable overhead rate variance ? F ariable overhead spending variance