Material, Labor, and Variable Overhead Variances \begin{tabular}{|c|c|c|} \hline & \begin{tabular}{c} Standard \\ Units \\ Costs \end{tabular} & \begin{tabular}{c} Total \\ Actual \\ Costs \end{tabular} \\ \hline \multicolumn{3}{|l|}{ Direct material } \\ \hline Standard (2 lb. @ \$13.00/lb.) & $26 & \\ \hline Actual (4,200lb. @ \$13.60/lb.) & & $57,120 \\ \hline \multicolumn{3}{|l|}{ Direct labor } \\ \hline Standard (0.5 hr. @ \$28/hr.) & $14 & \\ \hline Actual (950 hrs. @ \$26.80/hr.) & & 25,460 \\ \hline \multicolumn{3}{|l|}{ Variable overhead } \\ \hline Standard (0.5 hr. @ \$10/hr.) & $5 & \\ \hline Actual & - & 10,450 \\ \hline Total & $45 & $93,030 \\ \hline \end{tabular} 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