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 Direct material Standard (4 lb. @ $4.20/1b.) $16.80 Actual (38,000 lb. @ $4.10/lb.) $155,800 Direct labor Standard (2 hrs. $13/hr.) Actual (18,500 hrs. $13.40/hr.) 247,900 Variable overhead Standard (2 hrs. $5.00/hr.) $10 Actual 90.900 Total $52.80 $494,600 $26 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 $ OXU Labor Variances Actual cost: 5 Split cost: Standard cost: $ Labor rate Labor efficiency $ OX OXU OXU Variable Overhead Variances Actual cost: Split cost: Standard cost: Variable overhead spending $ Variable overhead efficiency $