During the month of May, the company made $1,000$ cakes and incurred the following actual costs:

Direct materials purchased and used $(1,540$ pounds$),$ $$2,002$

Direct labor $(1,060$ hours$),$ $$12,190$

Required:

Calculate the direct materials price variance.

Calculate the direct materials quantity variance.

Calculate the direct materials spending variance.

Calculate the direct labor rate variance.

Calculate the direct labor efficiency variance.

Calculate the 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.