Requirement 2 Revise the data in your worksheet to reflect the results for the subsequent period as shown below 1 Chapter 8: Applying Excel 3 Data 4 Exhibit 8-8: Standard Cost Card Inputs Standard Quantity Standard Price $4.00 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead 9 10 Actual results 11 Actual output 12 Actual variable manufacturing overhead cost 3.0 pounds 0.50 hours 0.50 hours $22.00 per hour $6.00 per hour 1,860 units S6,815 14 15 Actual direct materials cost Actual direct labor cost Actual Quantity 5,525 pounds 1,155 hours Actual price S3.7 pounds $22.5 per hour a-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 (i.e., zero variance.) The amount of the materials quantity variance