Material, Labor, and Variable Overhead Variances The following summarized manufacturing data relate to Thomas Corporation's April operations, during which 2,000 finished units of product were produced. Normal monthly capacity is 1,100 direct labor hours.

Direct material
Standard (2 lb. @ $10.00/lb.)	$20
Actual (4,200 lb. @ $11.30/lb.)	$47,460
Direct labor
Standard (0.5 hr. @ $25/hr.)	$12.50
Actual (950 hrs. @ $24.50/hr.)	23,275
Variable overhead
Standard (0.5 hr. @ $7/hr.)	$3.50
Actual	-	7,450
Total	$36	$78,185

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.

Actual cost:	$Answer
Split cost:	$Answer
Standard cost:	$Answer
Materials price	$Answer	AnswerFU
Materials efficiency	$Answer	AnswerFU

Actual cost:	$Answer
Split cost:	$Answer
Standard cost:	$Answer
Labor rate	$Answer	AnswerFU
Labor efficiency	$Answer	AnswerFU

Actual cost:	$Answer
Split cost:	$Answer
Standard cost:	$Answer
Variable overhead spending	$Answer	AnswerFU
Variable overhead efficiency	$Answer	AnswerFU