Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: 1 Chapter 09: Applying Excel 3 4 Data Exhibit 9-8: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead 6 | 7 8 Standard Quantity 3.0 pounds 0.50 hours 0.50 hours $ $ Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 10 11 Actual results: Actual output Actual variable manufacturing overhead cost Actual 12 $ 1,890 units 6,324.00 Actual Quantity 5,720 pounds 1,020 hours 14 Actual direct materials cost Actual direct labor cost S $ Actual price 4.30 per pound 22.10 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 a-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 (i.e., 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 (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 effect (i.e., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance C-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 (i.e., zero 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 i.e., zero variance)) The amount of the variable overhead rate variance |