Compute the variances based on the problem data below. Colonial Pewter makes pewter bookends. Use the data below to calculate the 2 variances and the total variance. Also state whether each variance is F (Favorable) or U (Unfavorable). 2,000 pewter bookends were produced. Standards used: Direct Materials: 4 pounds x $5.00 per pound = $20 per unit Direct Labor: 3 hours per unit x $9.00 per hour = $27 per unit Var. Manuf. Overhead: 3 hours per unit x $4.00 per hour = $12.00 per unit Actual costs: Materials purchased: 7,000 pounds of pewter were purchased for $4.00 per pound for $28,000 Direct Labor 5,000 hours at $11 per hour was paid for $55,000. Var. Manuf. Overhead: $10,000 (assume 2,000 labor hours at $5.00 per hour)