Please include formulas using the cell names as well

B D 14 Budgeted (Std) Quantity of Direct Materials for Production 960 15 16 Budgeted (Std) Price of Direct Materials per Pound $ 1,955.00 17 18 Budgeted (Std) Quantity of Direct Labor Hours Used for Production 829 19 $ 849.00 20 Budgeted (Std) Price of Direct Labor per Hour 21 22 Budgeted (Std) Units Produced and Sold 24 Actual Quantity of Direct Materials Used for Production 26,208 23 944 25 26 Actual Price of Direct Materials per Pound $ 1,812.00 27 832 28 Actual Quantity of Direct Labor Hours Used for Production 29 30 Actual Price of Direct Labor per Hour 31 $ 852.00 32 34 36 33 Note: It takes one unit of direct materials to make one production unit. 35 WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: 37 QUESTION ONE 38 What is the Direct Manufacturing Labor Price Variance? 39 Record answer in dollars and cents here 40 Record whether above answer is "favorable" or "unfavorable here 41 42 QUESTION 2 43 What is the Direct Manufacturing Material Price Variance? Record answer in dollars and cents here 45 Record whether above answer is "favorable" or "unfavorable here 46 47 QUESTION 3 48 What is the Direct Manufacturing Labor Efficiency Variance? Record answer in dollars and cents 50 Record whether above answer is "favorable" or "unfavorable here 44 49