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. 2. Standard Total Units Actual Costs Costs Direct material Standard (2 lb. $18 @ $9.00/lb.) Actual (4,200 lb. @ $42,840 $10.20/lb.) Direct labor Standard (0.5 $12 hr. @ $24/hr.) Actual (950 hrs. @ $23.40/hr.) 22,230 Variable overhead Standard (0.5 $3 hr. @ $6/hr.) 6,450 Actual 33 $71,520 Total 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