Hottie Inc., has the following standard and actual costs for the period. Hottie Inc Standard and Actual Costs Costs Standard Actual 138,000 pounds at Direct Materials 15 pounds @$4/pound $3.75/pound Direct Labor 3 hours @$15/hour 31,000 hours at $15.10/hour Overhead 3 hours @ $8/hour $210,000 Actual Units Produced 9,000 Calculate Hottie's Direct Materials Variance, Direct Labor Variance, Overhead Variance, and Total Cost Variance. Use the letter F to indicate a Favorable variance and the letter U to indicate an Unfavorable variance. Do not use the dollar sign. Use whole numbers only. Variances Standard Cost @ Variance Favorable (F) or Actual Cost actual level of Variance Calculation Unfavorable (U) production Direct 540,000 Materials Direct Labor Overhead 210,000 F Total 1,195,600 1,161,000