E$9-7($Algo$)$ Calculating Direct Material and Direct Labor Variances $[$LO $9-3,9-4]$

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

$\backslash$table$[[,$So$,$sp$],[$Direct materials,$1\mathrm{.}2$ pounda,$$1\mathrm{.}50$ per pound$],[$Direct labor,$0\mathrm{.}8$ hours,$$12\mathrm{.}00$ per bour$]]$

During the month of May, the company made $880$ cakes and incurred the following actual costs:

Direct materials purchased and used $(1,300$ pounds$),$ $$1,690$

Direct iabor $(940$ hours$),$ $$10,810$

Required:

Calculate the direct materials price variance.

Calculate the direct materials quantity variance.

Calculate the direct materials spending variance.

Caiculate 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 varlance by selecting $"$F$"$ for favorable, $"$U$"$ for unfavorable, and "None" for no affect $($i$.$e$.,$ zero variance$).$ Round your intermediate calculations to two decimal places.

$\backslash$table$[[1.$ Ditect melerials price varianice,F$],[2.$ Direct maleriais quantity variande,$],[3.$ Total direct mavariais spanding varian,$],[4.$ Direct labor rate vatiance,$],[5.$ Diract lahor efficiency variance,$],[$E$.$ Total dieect labar spendina veriance,$]]$