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. Standard Units Costs Total Actual Costs Direct material Standard (2 lb. @ $16.00/lb.) $32 Actual (4,200 lb. @ $16.80/lb.) $70,560 Direct labor Standard (0.5 hr. @ $31/hr.) $15.50 Actual (950 hrs. @ $30/hr.) 28,500 Variable overhead Standard (0.5 hr. @ $13/hr.) $6.50 Actual - 13,450 Total $54 $112,510 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: $Answer Split cost: $Answer Standard cost: $Answer Materials price $Answer AnswerFU Materials efficiency $Answer AnswerFU Labor Variances Actual cost: $Answer Split cost: $Answer Standard cost: $Answer Labor rate $Answer AnswerFU Labor efficiency $Answer AnswerFU Variable Overhead Variances Actual cost: $Answer Split cost: $Answer Standard cost: $Answer Variable overhead spending $Answer AnswerFU Variable overhead efficiency $Answer AnswerFU