(1) So Chapter 10: Applying Excel: Exercise (Part 2 of 2) (Algo) Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below. B C D E 1 Chapter 10: Applying Excel 2 3 Data Exhibir 10-1. Standard Cost Card 4 5 Inputs 6 Direct materials $ 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 Direct labor Variable manufacturing overhead S S 8 9 IOActual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 S 1.830 units 4926.50 Actual Quantity 5,465 pounds 835 hours 14 Actual direct materials cast Actuer price 4.50 per pound 22. 10 per hour 15 Actual direct labor cost $ 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 f.e., zero variance)). The amount of the mountily variance 6-2. What is the materials price vorlarice? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance)). The amount of the materials price variance Required information 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 (ie., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate vanance 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 ho -2. What is the variable overhead tate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None for no effect (ie. zero variance)). The amount of the variable overhead tate van ance