Question 2 Partially correct Mark 12.00 out of 14.00 P Flag question Edit question Material and Labor Variances The following actual and standard cost data for direct materials and direct labor relate to Hadley Company's production of 2,000 units of a product Actual Costs Standard Costs Direct material 3,900 lbs. 35.20 4,000 lbs. $5.10 Direct labor 6,200 hrs. $8.40 6,000 hrs. @ 58.60 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 Actual cost s 20.20 Split cost $ 19,890 Standard cost s 20,400 a Materials price (390) XU b. Materials efficiency s 510F Actual cost s Split cost $ Standard cost Labor rate $ d. Labor efficieny 5 Labor Variances $2,080 53,320 51.600 1,240 F (1.720) Xu