Calculate Variances The following summary data relate to the operations of Dobson Company for April, during which 9,000 finished units were produced. Normal monthly capacity was 20,000 direct labor hours. Standard Units Costs Total Actual Costs $24.80 $228,000 $30 Direct material Standard (4 lb. @ $6.20/lb.) Actual (38,000 lb. @ $6.00/lb.) Direct labor Standard (2 hrs. @ $15/hr.) Actual (18,500 hrs. @ $15.30/hr.) Variable overhead Standard (2 hrs. @ $7.00/hr.) Actual Total 283,050 $14 $68.80 126,900 $637,950 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: $ 228000 Split cost: $ 228000 x Standard cost: $ 223200 $ Materials price OXF Materials efficiency $ 4800 X U X Labor Variances Actual cost: 283050 Split cost: $ 283050 X Standard cost: $ 270000 Labor rate $ Labor efficiency $ 13050 F F OXU X Variable Overhead Variances Actual cost: $ 126900 Split cost: $ 129500 $ Standard cost: 126000 Variable overhead spending $ 2600F Variable overhead efficiency $ 3500U X Check