A B D E 1 Chapter 10: Applying Excel 2 3 Data 4 5 6 Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead $ 7 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 $ 8 $ 9 $ 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 Actual direct materials cost 15 Actual direct labor cost 1,970 units 6,400.00 Actual Quantity 5,865 pounds 1,000 hours $ Actual price 3.60 per pound 22.50 per hour S 3-1. 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)). The amount of the materials quantity variance --2. What is the materials price variance? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance)) The amount of the materials price 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)). The amount of the labor officiency variance ces 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 (..zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance C-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the variable overhead efficiency 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). The amount of the variable overhead rate variance