6 Chrome File Edit View History Bookmarks Profiles T Window Help . . C Betty's Bakery has the X M Question 4 - Chapter' To Do Assignments in ( x * Course Hero 6 C i ezto.mheducatio .Com/ t/map/indexhtml con&externalibrowse &lamehUrl ittps'VeZSSA mL Homepage Pima Class ACC 212 M Pima Community... 1 lnbox (6) - bburn E: Pima Community... Chapter 9 Homework 0 SaVed Help Save 8. Exit Submit E9-7 (Algo) Calculating Direct Material and Direct Labor Variances [LO 9-3, 9-4] 3 Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: points so 5:: Skipped Direct materials 1.2 pounds 5 1.50 per pound Direct: labor 0.8 hours 5 12,00 per hour During the month of May, the company made 960 cakes and incurred the following actual costs: QBOOK Direct materials purchased and used (1,460 pounds), $1,898 pm Direct labor (1,020 hours), $11,730 References Required: 1. Calculate the direct materials price variance. 2. Calculate the direct materials quantity variance. 3. Calculate the direct materials spending variance. 4. Calculate the direct labor rate variance. 5. Calculate the direct labor efficiency variance. 6. Calculate the direct labor spending variance Note: 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). Round your intermediate calculations to two decimal places. 1. Direct materials price variance 2. Direct materials quantity variance 3. Total direct materials spending variance 4. Direct labor rate variance 6 Chrome File Edit View History Bookmarks Profiles Tb Window Help . . C Betty's Bakery has the X M Question 4 - Chapter' X "' A To Do Assignments in ( x * Course Hero X t Course H re 6 C i ezto.mheducation om/e /map/inde><.htm on>