0 My Subs Talking Ciwan 3 Paracord Mark 6.00 out of 21.00 P Hague Material, Labor, and Variable Overhead Variances The following summarized manufacturing data relate to Steffan Corporation's April operations during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours Standard Units Coses Total Actual Costs Det material Standard 2 5 50/1b.) Actual (4.200 lb. 510.2016 ) $23.40/hr) Standard 10 Attual (970 hes. Variable overhead Standard (0.5 hr. 56/hr.) Assume that the 4200 lb. of materials purchased were all used in producing the 2,000 completed units. Determine the materials price and efficiency variances, labor rate and efficiency variances, and variable overhead spending and efficiency van ances. Assume that the 4.200 lb. of materials purchased were all used in producing the 2.000 completed units. Determine the materials price and efficiency variances, labor rate and efficiency and variable overhead spending and efficiency variances Material Variances ances