Material, Labor, and Variable Overhead Variances The following summarized manufacturing data relate to Brown Corporation's May operations, during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours. Standard Units Costs Total Actual Costs Direct material Standard (3 lb. $9.00/11 527 Actual (6.400 to $9.30/1b.) $59.520 Director Standard 10.5 h $21/1) $10.50 Actual (950 hrs. $20.80/hr.) . 19.760 Variable overhead Standard 10.5 hrs $11/hr. 5550 Actual 11.300 Total 543 $90.580 Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "pfor Favorable or "U" for Unfavorable. Materials Variances Actual cost: Split cost: 5 0 Standard cost 5 Materials price $ $ 0 Materials efficiency $ 0 Actual Cost: $ Split cost $ Standard cost $ Laborrate Labor efficiency $ Labor Variances 0 0 0 0 0 0 Variable Overhead Variances Actual cost: 5 O Split cost: $ 0 Standard cost $ 0 0 Variable overhead spending $ 0 Variable overhead efficiency $ 0