Please include formulas with the cell reference! Thank you !

1. Compute the direct material, direct labor and variable overhead variances. Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for the spending and volume variances so that varil appear as a negative number if unfavorable and a positive number if favorable. Note: Use cell A2 to A15 from the given information to complete this question. Using the formulas provided, compute the following variances. Write if statements to enter an F or U to indicate whether the variance is favorable or unfavorable. Note: Use cell A2 to A15 from the given information to complete this question. \begin{tabular}{|l|l|l|} \hline Direct materials: & Variance & \multicolumn{1}{|c|}{ or U } \\ \hline Price Variance =AQ(SPAP) & F \\ \hline Quantity Variance =SP(SQAQ) & U \\ \hline Total Spending Variance & & F \\ \hline Direct Labor & & \\ \hline Rate Variance =AH(SRAR) & F \\ \hline Efficiency Variance =SR(SHAH) & U \\ \hline Total Spending Variance & U \\ \hline Variable Overhead & & \\ \hline Rate Variance =AH(SRAR) & U \\ \hline Efficiency Variance =SR(SHAH) & U \\ \hline Total Spending Variance & U \\ \hline \end{tabular}