$4$

Records at the Farnsworth Corporation contained the following data for the most recent period of activity:

Actual total direct labor cost

Actual direct labor$-$hours worked

Direct labor price variance

Actual variable overhead

Required:

Compute the labor and variable overhead price and efficiency variances.

Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting $"$F$"$ for favorable, or $"U"$ for unfavorable. If there is no effect, do not select either option.

$\backslash$table$[[x$ Answer is not complete.,$],[$Direct labor:,,$],[$Price variance,F$,],[$Efficiency variance,$U,0],[$Variable overhead:,,$],[$Price variance,U$,],[$Efficiency variance,U$,0]]$