Knowledge Check 04 Calculate the direct materials spending variance when the direct materials price variance is $5,500 favorable and the direct materials quantity variance is $660 unfavorable. $4,840 unfavorable $6,160 unfavorable $4,840 favorable $6,160 favorable M9-9 (Algo) Calculating Direct Materials Cost Variances (LO 9. 3] Acoma, Inc., has determined a standard direct materials cost per unit of $7.60 (2 feet * $3.80 per foot). Last month, Acoma purchased and used 4,520 feet of direct materials for which it paid $16,724. The company produced and sold 2,090 units during the month. Calculate the direct materials price, quantity, and spending variances. (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 2 decimal places.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance $ $ $ 452 F 1,292U 842U