Required information 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card 5 Inputs Standard Quantity Standard Price 6 Direct materials 3.0 pounds $ 4.00 per pound 7 Direct labor 0.50 hours 5 22.00 per hour 8 Variable manufacturing overhead 0.50 hours $ 6.00 per hour 9 10 Actual results: + 11 Actual output 12 Actual variable manufacturing overhead cost $ SA 13 14 Actual direct materials cost 15 Actual direct labor cost 1,900 units 4,788.00 Actual Quantity Actual price 5.645 pounds $ 4.10 per pound 855 hours $ 21.70 per hour G a-2. What is the materials price variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavora and "None" for no effect (i.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)). ok int The amount of the labor efficiency variance + rences of 2 Book Print Terences Required information 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.) The amount of the labor rate variance Required information c-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" 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 ces +