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thank you in advance for your help :) Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: During

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Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: During the month of May, the company made 800 cakes and incurred the following actual costs. Direct materials purchased and used (1,140 pounds) $1,482 Direct labor ( 860 hours) $9,890 Required: 1. Calculate the direct materials price variance. 2. Calculate the direct materials quantity variance. 3. Calculate the direct materials variance. 4. Calculate the direct labor rate variance. 5. Calculate the direct labor efficiency variance. 6. Calculate the direct labor spending variance. (For all requirements, Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance).)

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