Saylor Nifty's Bakery has the following standard cost sheet for one of it's most popular desserts, the Lavender Haze cake. Standard Standard Price/Rate Quantity per cake per cake Direct Materials Direct Labor 1.5 pounds $1.30 per pound .75 hours $13.00 per hour During the month of September, the company made 700 cakes and incurred the following costs: Direct materials purchased and used (950 pounds), $1,250 Direct labor (720 hours), $8,400 Required: 1 Calculate the direct materials price variance 2 Calculate the direct materials quantity variance 3 Calculate the direct materials spending variance (aka total direct materials cost variance) 4 Calculate the direct labor rate variance 5 Calculate the direct labor efficiency variance 6 Calculate the direct labor spending variance (aka total direct labor cost variance) Note 1: You must show your work/support your answers Note 2: The variance must include the $ amount and the direction of the variance