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Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: D E A Chapter 10: Applying Excel 1 2 3 4 5 Data Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead Standard wity 3.0 pounds 0.50 hours 0.50 hours Standard Price 4,00 per pound 22.00 per hour 6.00 per hour $ $ $ 7 8 9 $ 10 Actual results 11 Actual output 12 Actual variable manufacturing overhead cost 13 14 Actual direct materials cost 15 Actual direct labor cost 1,830 units 5,425.00 Actual Quantity 5.255 pounds 875 hours $ 5 Actus price 3.0 per pound 21.60 per hour 19 Actual direct Adun direct labor cost 875 hours 5 21.60 per hour 15 -1. What is the materials quantity variance? Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance) The amount of the materials quantity variance a-2. What is the materials price variance? (Indicate the effect of each variance by selecting " for favorable, "U" for unfavorable, Prev 1 of 1 Next 2. What is the materials price variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance)). The amount of the materiale price variance Required information b-1. What is the labor efficiency variance? (indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance)). The amount of the labor efficiency variance b-2. What is the labor rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor mate variance 1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effective zero variance)). The amount of the variatie overhead efficiency variance 2. What is the variable overhead rate variance? (indicate the effect of each variance by selecting "F* for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance) The amount of the variable overhead as variance Prev Taw Next 1 of 1