Acct 202 Chapter 10 Review Following is Ford Co.'s standard cost card when the company planned to produce 1000 units for the year: Craig uses a standard costing system. During the year, a variable overhead rate of $2.10 per direct labor hour was used. Actual results: Actual number of units produced: 960 Materials purchased: 2200 yards at $11.85 per yard Materials used in production: 1880 yards Direct labor: 4400 hours at $14.50 Actual variable overhead: $10,000 ans Compute the following variances. Remember to label your answers with an F or U