At the beginning of the year, Andy Company had the following standard cost sheet for one of its plastic products. Andy planned to produce 950 units for the year. Direct materials (5 pounds at $4.00) Direct labor (3 hours at $22) $20.00 66.00 $86.00 Standard prime cost per unit Andy uses a standard costing system. During the year, a variable overhead rate of $5.30 per direct labor hour was used. Actual results: Actual number of units produced: 970 Materials purchased: 5,000 pounds at $3.85 per pound Materials used in production: 4800 pounds Direct labor: 2800 hours at $22.50 Actual variable overhead: $14,100 Compute the following variances. Remember to label your answers with an F or U Compute the following variances. Remember to label your answers with an F or U VOH efficiency variance Labor rate variance Labor efficiency variance Materials price variance Materials usage variance VOH spending variance