Calculate Variances 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. @ $11.00/lb.) $6.60 Actual (3,000 lb. @ $11.20/lb.) $33,600 Direct labor Standard (0.8 hr. @ $14.80/hr.) $11.84 Actual (3,800 hrs. $14.30/hr.) 54,340 Variable overhead Standard (0.8 hr. @ $9.50/hr.) $7.60 Actual 38,100 Total $26.04 $126,040 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 S $ $ $ $ Labor Variances Actual cost $ Split cost: $ Standard cost $ Labor rate $ Labor efficiency $ Variable Overhead Variances Actual cost: $ Split cost: $ Standard cost: $ Variable overhead spendings Variable overhead efficiency $