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. @ $11.00/lb.) Actual (4,200 lb. @ $12.00/lb.) Direct labor $22 $50,400 Standard (0.5 hr. @ $26/hr.) $13 Actual (950 hrs. @ $25.20/hr.) 23,940 Variable overhead Standard (0.5 hr. @ $8/hr.) Actual $4 8,450 $39 $82,790 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 Actual cost: $ Split cost: Standard cost: $ Materials price $ Materials efficiency $ Actual cost: $ Split cost: $ Standard cost: $ Labor rate $ Labor efficiency $ Labor Variances Variable Overhead Variances Actual cost: Split cost: $ $ Standard cost: $ Variable overhead spending $ Variable overhead efficiency $