Question 2 Incomplete answer Marked out of 1.00 Flag question Material, Labor, and Variable Overhead Variances 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. @ $15.00/lb.) $30 Actual (4,200 lb. @ $16.00/lb.) $67,200 Direct labor Standard (0.5 hr. @ $30/hr.) $15 Actual (950 hrs. @ $29.20/hr.) 27,740 Variable overhead Standard (0.5 hr. @ $12/hr.) Actual 12,450 Total $51 $107,390 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