Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. Required: Using formulas, compute the following. Input all numbers as positive amounts. (Hint: This con be done using the ABS function). (Use cells A5 to G14 and cell B16 from the given information, as well as cells A27 to D62 to complete this question. All formulas must return positive values. For each variance, select either "Favorable" or "Unfavorable".) Standard Cost Variance Analysis - Direct Materials \begin{tabular}{l|l|} \hline Standard Quantity Allowed for Actual Output at Standard Price \\ \hline Actual Quantity of Input, at Standard Price \\ \hline Actual Quantity of Input, at Actual Price \\ \hline \\ \hline Materials quantity variance \\ \hline Materials price variance \\ \hline Standard Cost Variance Analysis - Direct Labor \\ \hline Standard Hours Allowed for Actual Output at Standard Rate \\ \hline Actual Hours of Input, at Standard Rate & \\ \hline Actual Hours of Input, at Actual Rate & \\ \hline & \\ \hline Labor efficiency variance & \\ \hline Labor rate variance & \\ \hline \end{tabular}