Calculate Variances The following summary data relate to the operations of Randolph Company for July, during which 4,500 finished units were produced:

The following summary data relate to the operations of Randolph Company for July, during which 4,500 finished units were produced: Standard Units Costs Total Actual Costs Direct material Standard (0.6 lb. @ $9.00/lb.) $5.40 Actual (3,000 lb.@ $9.40/lb.) $28,200 Direct labor Standard (0.8 hr.@ $12.80/hr.) $10.24 Actual (3,800 hrs. @ $12.50/hr.) 47,500 Variable overhead Standard (0.8 hr.@ $7.50/hr.) $6.00 Actual 30,100 Total $21.64 $105,800 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