please read the requirements and have an explanation for the ans.

D G 4 1 Standard Costs and Variances 2. Calculate missing direct material variables Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control 6 Review the data in the ENTERANSWERS tab. 8 Use the blue shaded areas on the EnterAnswers tab for inputs. 9 Always use cell references and formulas where appropriate to receive full credit. 10 11 Requirement 12 1 Complete the table by filling in the missing information 13 Use the ABS function whe theden B D E F Large speed bump 1 (Always use cell references and formulas where appropriate to receive full credit.) 2 3 Direct materials information Medium speed bump 4 Standard pounds per unit 15 5 Standard price per pound $1.00 6 Actual quantity purchased and used per unit 7 Actual price paid for material per pound $1.80 8 Direct materials price variance $1,120 9 Direct materials quantity variance $100 F 10 Total direct material variance 11 Number of units produced 100 12 $1.80 16 $2.10 $1,920 U U U $480 400 13 14 15