Gleason Guitars produces acoustic guitars. The table below contains budget and actual information for the month of June: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Actual Costs 485 units Spending Variance Flexible Budget 485 units Volume Variance Master Budget 200 units Direct Material $ $ Direct Labor 18,100 28,800 10,850 14,100 71,850 16,600 24,600 10,600 12,300 Variable Overhead Fixed Overhead Total Manufacturing Costs $ $ 64,100 Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: Direct materials Direct labor so 1.2 pounds 0.8 hours SP $ 1.50 per pound $12.00 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: 1. Calculate the direct materials price variance. 2. Calculate the direct materials quantity variance. 3. Calculate the direct materials variance. 4. Calculate the direct labor rate variance. 5. Calculate the direct labor efficiency variance. 6. Calculate the direct labor spending variance. (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).) 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