Unformatted text preview: (Indicate the effect of the variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Input all amounts as positive values. Omit the "$" sign in your response.) Materials price variance $ Materials quantity variance $ Requirement 2: Compute the direct labor rate and efficiency variances for the month. (Indicate the effect of the variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Input all amounts as positive values. Omit the "$" sign in your response.) Labor rate variance $ Labor efficiency variance $...
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 Spring '11
 Dr.Zachry
 Managerial Accounting, Direct material price variance, $2.6, $2.4, $2.94, $9,438

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