Chapter 09: Applying Excel: Exercise (Part 2 of 2) Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: 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)). 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)). Answer is complete but not entirely correct. 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.) Answer is complete but not entirely correct. 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)). -1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for infavorable, and "None" for no effect (i.e., zero variance)). Answer is complete but not entirely correct. -2. What is the variable overhead rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for infavorable, and "None" for no effect (i.e., zero variance))