M9-9 (Algo) Calculating Direct Materials Cost Variances [LO 9-3] Acoma, Incorporated, has determined a standard direct materials cost per unit of $6.80 (2 feet x $3.40 per foot). Last month, Acoma purchased and used 4,570 feet of direct materials, for which it paid $15,081. The company produced and sold 2,090 units during the month. Required: Calculate the direct materials price, quantity, and spending variances. Note: 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 2 decimal places. Direct Materials Price Variance $ Direct Materials Quantity Variance 1,371 F U Direct Materials Spending Variance U M9-10 (Algo) Calculating Direct Labor Cost Variances [LO 9-4] Paradise Corporation has determined a standard labor cost per unit of $16 (0.50 hours x $32 per hour). Last month, Paradise incurred 958 direct labor hours, for which it paid $23,471. The company produced and sold 2,150 units during the month. Required: Calculate the direct labor rate, efficiency, and spending variances. Note: 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 2 decimal places. Direct Labor Rate Variance Direct Labor Efficiency Variance Total Direct Labor Spending Variance