M9-9 (Algo) Calculating Direct Materials Cost Variances [LO 9-3] Acoma, Inc., has determined a standard direct materials cost per unit of $720 (2 feet x $3.60 per foot). Last month, Acoma purchased and used 4,340 feet of direct materials for which it paid $15,190. The company produced and sold 2,020 units during the month Calculate the direct materials price, quantity, and spending variances. (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 Direct Materials Spending Variance HIHIWR 1 M9-10 (Algo) Calculating Direct Labor Cost Variances [LO 9-4) Paradise Corp. has determined a standard labor cost per unit of $30 (0.50 hour * $60 per hour). Last month, Paradise incurred 986 direct labor hours for which it paid $27,608. The company produced and sold 2,850 units during the month. Calculate the direct labor rate, efficiency, and spending variances. (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