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 Total Actual Units Costs Costs Direct material Standard (4 lb. @ $2.20/lb.) $8.80 Actual (38,000 $76,000 lb.@ $2.00/lb.) Direct labor Standard (2 hrs. $22.00 @ $11/hr.) Actual (18,500 hrs. @ $11.30/hr.) 209,050 Variable overhead Standard (2 hrs. $6.00 @ $3/hr.) 54,900 Actual 36.80 $339,950 Total Determine the following variances Do not use negative signs with any of 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 cost: Split cost: Standard cost: Materials price Materials efficiency Labor Variances cost: Split cost: Standard cost: Labor Variances Actual cost Split cost: Standard cost: Labor rate Labor efficiency Variable Overhead Variances Actual cost: Split cost Standard cost Variable overheacd spending Variable overhead efficiency