The following are all several parts of the same question. Use the data above to answer.

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)).

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)).

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)).

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.)

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)).

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)).

1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card 5 6 Direct materials 7 Direct labor Inputs Standard Quantity Standard Price 3.0 pounds 0.50 hours 0.50 hours 4.00 per pound 22.00 per hour 6.00 per hour 8Variable manufacturing overhead 9 10 Actual results 11Actual output 12Actual variable manufacturing overhead cost 13 14 Actual direct materials cost 15 Actual direct labor cost 1,980 units 5,643 Actual Quantity Actual price 5,870 pounds 3.7 per pound 925 hours 22.5 per hour