PROBLEMS-SET P10-1A. Calculate Variances The following summary data relate to the operations of Dobson Company for April, during which 9,000 finished units were produced. Normal monthly capacity was 20,000 direct labor hours. Standard Unit Costs Total Actual Costs $ 8.80 $ 76,000 22.00 Direct material: Standard (4 lb. $2.20/1b.) .... Actual (38,000 lb. @ $2.00/lb.). Direct labor Standard (2 hrs. @ $11.00/hr.) Actual (18,500 hrs. $11.30/hr.) Variable overhead: Standard (2 hrs. @ $3.00/hr.) Actual.... Total .... 209,050 6.00 54,900 $339,950 $36.80 Required Determine the following variances and indicate whether each is favorable or unfavorable: a. Materials price and efficiency variances b. Labor rate and elliciency variances C. Variable overhead spending and efficiency variances