Business Course Question 12 Not complete Marked out of 10.00 P Flag question Material, Labor, and Variable Overhead Variances The following summarized manufacturing data relate to Thomas Corporation's April operations, during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours. Business Course Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: Split cost: Standard cost: Materials price Materials efficiency $ Support Business Course 0 Materials price $ Materials efficiency $ Labor Variances Actual cost: $ 0 Split cost: $ 0 Standard cost: Labor rate $ Labor efficiency $ 0 Variable Overhead Variances