Betty's Bakery has the following standard cost sheet for one unit of its most popular...
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Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: During the month of May, the company made cakes and incurred the following actual costs: Direct materials purchased and used pounds $ Direct labor hours $ Required: Calculate the following: Direct materials price variance Direct materials quantity variance Total direct materials variance direct materials spending variance Direct labor rate variance Direct labor efficiency variance Total direct labor variance direct labor spending variance Note: For all requirements, Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Round your intermediate calculations to two decimal places. 
Betty's Bakery has the following standard cost sheet for one unit of its most popular cake:
During the month of May, the company made cakes and incurred the following actual costs:
Direct materials purchased and used pounds $
Direct labor hours $
Required: Calculate the following:
Direct materials price variance
Direct materials quantity variance
Total direct materials variance direct materials spending variance
Direct labor rate variance
Direct labor efficiency variance
Total direct labor variance direct labor spending variance
Note: For all requirements, Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None"
for no effect ie zero variance Round your intermediate calculations to two decimal places.
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