Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E Standard Quantity 3.0 pounds $ $ A 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card 5 Inputs 6 Direct materials 7 Direct labor B Variable manufacturing overhead 9 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 14 Actual direct materials cost 15 Actual direct labor cost Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 0.50 hours 0.50 hours $ 1.970 units $ 5.120.00 Actual Quantity 5,990 pounds 800 hours $ Actual price 3 80 per pound 22.10 per hour $ 2-1. 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 (... zero variance), The amount of the materiale quantity vartance -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 (ie, zero variance) The amount of the materials price variance 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 (l.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 effect (le, zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate 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 effect (l.e., zera variance)). The amount of the variable overhead efficiency variance c-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 (ie, zero variance)). The amount of the variable overhead rate variance